Qatar (Shockingly) Becomes Largest Buyer Of US LNG Amid Hormuz Crisis

Summary

Qatar (Shockingly) Becomes Largest Buyer Of US LNG Amid Hormuz Crisis Authored by Tsvetana Paraskova via OilPrice , Qatar is set to become the largest buyer of U.S. LNG, signing long-term deals for 7 million tonnes annually with Cheniere and Woodside. The Iran war has crippled Qatar's LNG industry, destroying 17% of export capacity, causing $20 billion in annual revenue losses and severely restricting shipments through Hormuz. QatarEnergy is diversifying away from its reliance on the Strait of Hormuz, turning to U.S. LNG supplies to protect its global market position and improve supply…

Description from Zero Hedge.