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Monday, 5 June 2017

OPEC's LNG Giant Keeps Exporting Gas and Oil as Saudis Cut Ties - Bloomberg

OPEC's LNG Giant Keeps Exporting Gas and Oil as Saudis Cut Ties - Bloomberg:

"Qatar, the world’s biggest seller of liquefied natural gas, can still access shipping routes to deliver oil and gas to buyers after Saudi Arabia and other neighboring states barred the emirate from exporting through their territorial waters. State producer Qatargas told Japan’s Jera Co. that it would keep supplying LNG as normal in spite of the Saudi-led severing of diplomatic ties with Qatar, Jera spokesman Atsuo Sawaki said by phone. Jera is Japan’s biggest buyer of Qatari LNG under long-term contracts, according to data compiled by Bloomberg. The escalation of tensions in the energy-rich Persian Gulf probably won’t disrupt LNG supplies to Qatar’s main customers in Asia, according to Robin Mills, head of Dubai-based consultant Qamar Energy. “In principle Qatar should still be able to export via its own waters, Iran and Oman,” Mills said."



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