Qatar has begun purchasing American LNG, insuring itself against disruptions in its exports. The second largest LNG exporter in the world entered into long-term contracts to purchase American gas. Qatar Energy has agreed to supply three million tons per year from Woodside Energy's facilities in Louisiana and up to four million tons per year from Cheniere Energy's facilities. Deliveries will begin in 2030-2031, Reuters reports. The agency's columnist Ron Bosso believes that it is not just about the diversification of supplies, but rather Qatar's attempt to insure against interruptions in exports through the Strait of Hormuz. In March, an Iranian missile hit two of the 14 LNG lines in Ras Lafan. This reduced the country's export capacity by about 17%, and the recovery will take about three years. "Qatar's purchases are further evidence that the US has quite visibly become the main beneficiary of the global reassessment of energy risks in the Middle East, marking a historic role reversal," Bosso said.

Qatar has begun purchasing American LNG, insuring itself against disruptions in its exports. The second largest LNG exporter in the world entered into long-term contracts to purchase American gas. Qatar Energy has agreed to supply three million tons per year from Woodside Energy's facilities in Louisiana and up to four million tons per year from Cheniere Energy's facilities. Deliveries will begin in 2030-2031, Reuters reports. The agency's columnist Ron Bosso believes that it is not just about the diversification of supplies, but rather Qatar's attempt to insure against interruptions in exports through the Strait of Hormuz. In March, an Iranian missile hit two of the 14 LNG lines in Ras Lafan. This reduced the country's export capacity by about 17%, and the recovery will take about three years. "Qatar's purchases are further evidence that the US has quite visibly become the main beneficiary of the global reassessment of energy risks in the Middle East, marking a historic role reversal," Bosso said.