The attack on Qatar’s LNG export hub, which has knocked out 3-4% of global LNG supplies, grabbed the headlines and has caused natural gas and LNG prices to spike. On the face of it, there is some slack for other exporters to replace Qatar’s exports. However, ongoing attacks clearly carry huge risks for the global LNG market if additional lasting damage is caused while the war rages on, especially as Qatar was originally set to contribute healthily to the increase in LNG export capacity over the next few years.
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