LNG traders evaluate impact of Saudi-led diplomatic blockade of Qatar

5 Jun 2017   LNG, Qatar

LNG traders are bracing for potential trade disruptions following moves from Saudi Arabia, Bahrain, Egypt and the UAE to cut diplomatic ties with Qatar, the world’s largest LNG supplier. Saudi Arabia’s decision Monday to break diplomatic ties, consular relations as well as land, air and sea contacts with Qatar over terrorism and extremism funding claims were followed by similar moves from Bahrain, the UAE and Egypt, according to media reports. Qatar is the world’s largest LNG supplier, having exported 78.8 million mt of LNG in 2016, more than 30% of a total global supply of 257.8 million mt, according to S&P Global Platts Analytics, and an increasing share of its production is being delivered to emerging Middle Eastern buyers, including Egypt, Jordan and the UAE. Any disruptions in Qatari LNG supply could have a significant impact on pricing, regional trade flows and energy security in Egypt, which imports most […]

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