Energy

QatarEnergy Seeks U.S. LNG to 2031; Asian Spot Price at Four-Year High

Reuters reports QatarEnergy is negotiating deals with Venture Global, Cheniere and Woodside for two to three million tonnes a year through 2031, after March strikes disabled two of Ras Laffan's fourteen trains and a gas-to-liquids plant — about 12.8 million tonnes of capacity. Asian spot LNG for October reached $26/MMBtu. Read-through: the revenue engine behind Gulf state spending is impaired for years, not months; high prices cushion the fiscal hit but do not restore volumes.

Sources: Reuters via Zawya, 11 Sep · Gulf Times, 12 Sep · Reuters via Zawya, 11 Sep · Gulf Times, 12 Sep