World News
Qatar Agrees to Buy US LNG to 2054 as War Disrupts Own Supply
Key Points
Commodities Qatar Agrees to Buy US LNG to 2054 as War Disrupts Own Supply QatarEnergy signed a deal with Cheniere Energy Inc. to buy 4 million tons a year of liquefied natural gas through 2054, the Middle East nation’s first such US offtake deal as its own production has been throttled by the Iran war. This deal comes as Qatar, one of the largest LNG exporters before the conflict, looks to supply customers who have had their shipments disrupted after the Gulf nation’s Ras Laffan facility was...
Commodities
Qatar Agrees to Buy US LNG to 2054 as War Disrupts Own Supply
QatarEnergy signed a deal with Cheniere Energy Inc. to buy 4 million tons a year of liquefied natural gas through 2054, the Middle East nation’s first such US offtake deal as its own production has been throttled by the Iran war.
This deal comes as Qatar, one of the largest LNG exporters before the conflict, looks to supply customers who have had their shipments disrupted after the Gulf nation’s Ras Laffan facility was damaged during the war. QatarEnergy has also been forced to dramatically reduce flows as shipping traffic through the crucial Strait of Hormuz remains in turmoil.