Britain is in danger of suffering a long-term loss of liquefied natural gas (LNG) supply as top exporter Qatar sends only left-over short-term deliveries to the UK while more and more of its LNG goes to higher paying Asian customers.
Analysts and British energy companies say the strategy rewards Qatar but puts Britain at a significant disadvantage. Britain depends increasingly on Qatar to plug a growing energy supply deficit but has so far failed to receive a supply guarantee from the Gulf producer.
Instead, Qatar is trying to lock the majority of its gas into the Asian market through signing long-term supply deals with customers in Japan, South Korea and emerging markets like China and India, where gas demand is rising fast and prices are higher.
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