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Qatar's dispute with Arab states leaves doubts

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LNG Industry,


Reuters are reporting that Saudi Arabia, along with the United Arab Emirates, Egypt, and Bahrain have announced that they would sever all ties including transport links with Qatar.

Traders said it was too early to say if the dispute would have any impact on LNG shipments within the region, with both Egypt and the UAE taking regular cargoes from Qatar.

Egypt has imported an average 857 000 m3 per month of LNG from Qatar since January 2016.

Egypt last year awarded a large tender for 2017 supplies, much of it sourced from Qatar, although traders said rising domestic output and alternative sources including Norway, Nigeria and the United States could fill a potential gap.

The UAE has imported on average 190 000 m3 of LNG per month from Qatar since January 2016.

Other members of the Gulf Cooperation Council (GCC) like Kuwait, which often fall in line with decisions made by Saudi Arabia, have not, at least for now, taken action against Qatar.

Kuwait has imported on average 283 000 m3 of LNG per month from Qatar since 2016.

Shipments to the world's biggest LNG buyers in Asia are unlikely to be affected, barring a major escalation.

India is the second-biggest buyer of Qatari LNG after Japan.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05062017/qatars-dispute-with-arab-states-lifts-oil-prices/


 

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