Qatar crisis lingers over Middle East market
The effects of the ongoing spat between Qatar and Middle Eastern states on its LNG market seem to have been overestimated The effects of the ongoing spat between Qatar and Middle Eastern states on its LNG market seem to have been overestimated.
21 December 2017
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A Qatargas LNG carrier. (Qatargas)
The diplomatic spat that broke out between Qatar and several mostly Middle Eastern states in June sparked fears the global LNG market could be rocked, as Qatar supplies around 30% of the world’s LNG. The effect on Qatar’s LNG sector, however, has largely been contained.
Two of the countries that severed ties with Qatar – the United Arab Emirates and Egypt – bought a combined 7% of Qatar’s LNG in 2016, representing a relatively small share of Qatari buyers. Markets were poised for some disruption nevertheless,...
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