Qatar’s LNG Loss Revives Projects From Argentina to Timor-Leste
With 17% of Qatar’s LNG export capacity disabled and Gulf shipments disrupted, buyers arrived at Gastech looking for gas from somewhere else. Organizers valued the agreements announced or advanced in Bangkok at an estimated $60 billion, including a 20-year U.S. LNG contract and a 35-year production agreement in the Gulf of Thailand, while proposed projects in Argentina, Timor-Leste and Tanzania…
Qatar's LNG export capacity has been significantly impacted by strikes, leading to a revival of projects from Argentina to Timor-Leste. At the recent Gastech conference, buyers were actively seeking alternative gas sources, resulting in agreements valued at an estimated $60 billion. These deals include a 20-year U.S. LNG contract and a 35-year production agreement in the Gulf of Thailand, as well as proposals in Argentina, Timor-Leste, and Tanzania.
The conflict has exposed the risks associated with geographical concentration in the LNG market, as Qatar and Iran have both lost a significant portion of their gas capacity due to the ongoing situation. This has prompted buyers to reassess their long-term security decisions and consider alternative sources of natural gas.
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