Neither Qatar nor any other single country has the capacity to replace Russian gas supplies to Europe with liquefied natural gas (LNG) in the event of disruption due to a conflict between Russia and Ukraine, Qatar’s energy minister said on Tuesday, February 22. With most of Qatari volumes locked into …
Read More »Iran, Qatar to Form Joint Gas Extraction Study Group
A informed source in Iran’s Oil Ministry told IRNA that the oil ministers of Iran and Qatar will discuss gas swap, common stances in global market and forming joint study group on the sidelines of the upcoming GECF in Doha. The Gas Exporting Countries Forum will be held next week …
Read More »Qatar Says It cannot Unilaterally Replace Europe’s Gas Needs in case of Shortage
Qatar, one of the world’s top natural gas exporters, will not be able to unilaterally replace Europe’s energy needs in case of a shortage due to the crisis between Russia and Ukraine, the emirate’s minister of state for energy said on Tuesday, February 1. “The volume of gas needed by …
Read More »EU in Talks with Azerbaijan on Gas Supplies
The European Union is negotiating possible gas supplies with the United States, Qatar and Azerbaijan in case Russia cuts of stops its gas deliveries, EU foreign policy chief Josep Borrell said on Sunday, Trend reports citing the press service of EU. “We have to be prepared in case diplomacy fails. …
Read More »Qatar Reportedly has Little Spare Capacity for EU amid US Search for Alternatives to Russian Gas
On Tuesday, Biden press secretary Jen Psaki told reporters that the Biden administration was “working to identify additional volumes of gas” for Europe from North Africa, the Middle East, Asia and the United States in the event of a drop in Russian supplies amid the Ukraine crisis. Qatar has little …
Read More »Qatar to Regain Its Top Slot in LNG Exports by 2026
Qatar is all slated to regain its position as the preeminent and largest exporter of liquefied natural gas (LNG) by 2026 with the North Field (NFE) output coming on stream, according to the latest Qatar Economic Outlook (QEO) Qatar’s LNG exports competed with Australia’s for the first place in 2020, …
Read More »U.S. Overtakes Qatar to Become the World’s Largest LNG Exporter
The United States became the world’s largest exporter of liquefied natural gas in December as deliveries of the superchilled fuel to energy-starved Europe surged. According to Bloomberg calculations, the U.S. dethroned Qatar as the top LNG exporter in the world after a substantial jump in LNG production from Cheniere Energy’s …
Read More »U.S. Claims Title of World’s Largest LNG Exporter
The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data …
Read More »Qatar Bases 2022 Budget on Oil Price of $55/b, up from $40/b in 2021
Qatar has based its 2022 fiscal budget on an average oil price estimate of $55/b, up from $40/b in 2021, thanks to the improvement in international energy prices, the country’s finance minister said Dec. 7. “The remarkable recovery in global energy prices, which still reflects the continued adoption of conservative …
Read More »Qatar Places $760 Million Order for Liquid-Gas Ships with China
Qatar ordered four new liquefied natural gas tankers worth more than 2.8 billion rials ($762 million) from a Chinese shipbuilder, as demand for the fuel booms. State energy firm Qatar Petroleum said Sunday the vessels will be built by Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corp. …
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