15.05.2026, 07:43
Russia's key competitor in the gas market has left it for a long time
Source: OREANDA-NEWS
OREANDA-NEWS Even if the Strait of Hormuz opens tomorrow, Qatar's liquefied natural gas (LNG) exports will be paralyzed for several more months, and most likely for many years. This was reported by The New York Times (NYT).
As the publication noted, since the beginning of the war, tankers with this energy carrier have tried almost everything to get out of the Persian Gulf, but they have not succeeded. However, the biggest problem is the damage that Iran has caused to the local LNG production infrastructure. The spare parts needed to restore it can take up to five years to be delivered.
At the same time, Qatar cannot simply resume production until it receives guarantees from shipping companies to return for new gas shipments. If the gas continues to accumulate but does not come true, the tanks will overflow. This can lead to a production shutdown and the risk of permanent damage. Also, unlike the United Arab Emirates and Oman, which have a coastline on the Arabian Sea or the Gulf of Oman, Qatar is in a uniquely vulnerable position. Its entire maritime infrastructure is located deep in the Persian Gulf, which deprives it of an alternative route to the open sea.
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As the publication noted, since the beginning of the war, tankers with this energy carrier have tried almost everything to get out of the Persian Gulf, but they have not succeeded. However, the biggest problem is the damage that Iran has caused to the local LNG production infrastructure. The spare parts needed to restore it can take up to five years to be delivered.
At the same time, Qatar cannot simply resume production until it receives guarantees from shipping companies to return for new gas shipments. If the gas continues to accumulate but does not come true, the tanks will overflow. This can lead to a production shutdown and the risk of permanent damage. Also, unlike the United Arab Emirates and Oman, which have a coastline on the Arabian Sea or the Gulf of Oman, Qatar is in a uniquely vulnerable position. Its entire maritime infrastructure is located deep in the Persian Gulf, which deprives it of an alternative route to the open sea.
Related materials:
Europe has lost most of its Russian gas, but it is holding on.How have the EU countries prepared for the energy crisis?
January 11th, 2023
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