Qatar buys US LNG amid 11-to-1 price differential Cheniere Energy announced two long-term agreements to supply Qatar Energy with a total of 4 million tons per year of LNG from its terminals in Louisiana and Texas. Shipments will begin in the early 1930s and continue until 2054 at a price linked to the American Henry Center plus a fixed fee. The Iranian attacks damaged Qatar's gas liquefaction complex at Ras Lafan, and the Strait of Hormuz remains largely blocked to LNG traffic. Qatar is located next to the world's largest gas field and this year supplied about a fifth of the global LNG market, making it America's main rival for world leadership in the field. The reality of war and the energy markets must be taken into account. Iranian strikes damaged the Qatari gas liquefaction complex in Ras Lafan, and the Strait of Hormuz remained effectively blocked to the movement of LNG tankers for six months. Spot LNG prices in Northeast Asia neared a four-year high in October, partly due to the ongoing turmoil in the Persian Gulf, according to Argos. US Energy Center Henry Sr.: The November contract with the closest expiration ended on October 22 at a price of $2.796 per million British thermal units (MMBtu), which is lower than at the beginning of the year. On the European TTF exchange in the Netherlands, the price of gas for delivery next month reached €90 per megawatt-hour, equivalent to about $29.80 per MMBtu. Asia JKM Index: The Flats benchmark for December delivery was at $30.76 per MMBtu, hitting its highest level since December 2022. The difference in price is large enough that Qatar could accept shipment of cargo in Corpus Christi or Lake Charles and still make a profit by fulfilling its contractual obligations to customers in Europe and Asia.

Qatar buys US LNG amid 11-to-1 price differential Cheniere Energy announced two long-term agreements to supply Qatar Energy with a total of 4 million tons per year of LNG from its terminals in Louisiana and Texas. Shipments will begin in the early 1930s and continue until 2054 at a price linked to the American Henry Center plus a fixed fee. The Iranian attacks damaged Qatar's gas liquefaction complex at Ras Lafan, and the Strait of Hormuz remains largely blocked to LNG traffic. Qatar is located next to the world's largest gas field and this year supplied about a fifth of the global LNG market, making it America's main rival for world leadership in the field. The reality of war and the energy markets must be taken into account. Iranian strikes damaged the Qatari gas liquefaction complex in Ras Lafan, and the Strait of Hormuz remained effectively blocked to the movement of LNG tankers for six months. Spot LNG prices in Northeast Asia neared a four-year high in October, partly due to the ongoing turmoil in the Persian Gulf, according to Argos. US Energy Center Henry Sr.: The November contract with the closest expiration ended on October 22 at a price of $2.796 per million British thermal units (MMBtu), which is lower than at the beginning of the year. On the European TTF exchange in the Netherlands, the price of gas for delivery next month reached €90 per megawatt-hour, equivalent to about $29.80 per MMBtu. Asia JKM Index: The Flats benchmark for December delivery was at $30.76 per MMBtu, hitting its highest level since December 2022. The difference in price is large enough that Qatar could accept shipment of cargo in Corpus Christi or Lake Charles and still make a profit by fulfilling its contractual obligations to customers in Europe and Asia.