💢 QatarEnergy is in talks to buy US LNG under long-term contracts — a striking reversal for one of t

💢 QatarEnergy is in talks to buy US LNG under long-term contracts — a striking reversal for one of the world’s dominant LNG suppliers, Bloomberg reports. The state company is considering supplies from both operating and under-construction US export projects as the Iran war disrupts its ability to serve customers.

Iranian strikes damaged two of Ras Laffan’s 14 LNG trains, knocking out 17% of Qatar’s export capacity. QatarEnergy estimates repairs will take three to five years and cost roughly $20 billion a year in lost revenue, while continued risks in the Strait of Hormuz have severely restricted tanker traffic.

The impact has been dramatic: Reuters reported that Qatar shipped just 18 LNG cargoes during the first six months of the war, down from 509 a year earlier — a 96% collapse — with lost gas sales estimated at $24 billion.

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