Qatar maintains grip on LNG volumes
QatarEnergy keeps control
First expansion supply deals illustrate commitment to maintaining its grip of LNG volumes along the value chain
Concern over duration of demand is one explanation as to why portfolio players and Asian utilities have been keener than those with European end-user commitments when it comes to the surge in interest in LNG SPAs following Russia’s invasion of Ukraine. The theory goes that Europe’s utilities see too much risk in committing to deals lasting ten or more years, given the uncertainty over Europe’s post-2030 gas requirements. In this scenario, global portfolio players—which have signed up to 26.7mn t/yr of supply since late February—play a bridging role, able to bring gas to Europe while it still needs it and can provide the market signals to attract it, then finding alternative homes for it as a
Also in this section
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
