Qatar becomes largest buyer of LNG from US amid Hormuz disruption
QatarEnergy has agreed to purchase up to 7 million metric tons per year of US LNG through long-term contracts signed this month.
Qatar has secured additional liquefied natural gas supplies from the United States under long-term deals as the war with Iran disrupts its own LNG production and exports through the Strait of Hormuz. Last year, Qatar was the world's second-largest producer, behind only the US.
Australia’s Woodside Energy will supply state-owned QatarEnergy with 3 million metric tons per year of LNG from its Louisiana project under a 20-year deal to begin in 2030, the companies said on Thursday in a statement.
“These additional values make QatarEnergy the largest buyer of LNG from the US and place it in a stronger position to meet the global growing needs for LNG,” QatarEnergy CEO and Energy Minister Saad Al-Kaabi said in the statement.
Woodside’s Louisiana LNG project, under construction near the state’s Lake Charles, includes three trains with a combined capacity of 16.5 million metric tons per year. The project is due to deliver its first LNG in 2029, according to a statement from the Australian energy firm.
