Qatar Energy is negotiating new long-term contracts to purchase 3-6 million tons of US LNG annually, as reported by Bloomberg. This follows existing deals with Cheniere Energy and Woodside Energy totaling 7 million tons per year. Qatar, previously the world's second-largest LNG exporter, saw its export capacity damaged in March attacks, trapping cargoes near the Strait of Hormuz.
The nation is now seeking to diversify its supply sources outside the Persian Gulf amid ongoing regional conflict and expand its global trading operations. Qatar Energy, already the leading US LNG buyer, has not responded to comment requests. The talks also include discussions with Venture Global Inc. and the developer of the Commonwealth LNG project, backed by Kimmeridge Energy Management.
Reuters previously reported Qatar-Venture Global discussions, though Venture Global declined to comment and Commonwealth LNG has not yet responded.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing