Thursday 26 September 2019

#Saudi attacks unlikely to have major impact on LNG supply - IEA - Reuters

Saudi attacks unlikely to have major impact on LNG supply - IEA - Reuters:

Recent attacks on Saudi Arabia’s oil facilities are unlikely to have a major immediate impact on the supply of liquefied natural gas, a senior official at the International Energy Agency (IEA) said at a press briefing on Thursday.

But if the security situation worsens in the Middle East, in particular the Strait of Hormuz, then it may hit LNG supply from Qatar and the United Arab Emirates, said Keisuke Sadamori, director of IEA’S Energy Markets and Security division.

The share of Qatar and UAE in global trade is about one quarter, he said.

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