Sunday, 20 March 2022

Ukraine conflict opens diplomatic and energy opportunities for #Qatar | Reuters

Ukraine conflict opens diplomatic and energy opportunities for Qatar | Reuters

Russia's invasion of Ukraine has opened up diplomatic and commercial opportunities for gas exporter Qatar to expand energy sales to the West and bolster its alliance with Washington amid U.S. tensions with other Gulf Arab states.

Qatar has sought a largely neutral stance on the conflict, but while trying to avoid choosing sides, it has signalled through its response that it can offer significant political and economic assistance to Western partners.

With many European energy importers looking urgently for ways to ease their heavy dependence on Russia, Qatar has suggested it could direct more gas in future to Europe.

Saudi Arabia and the United Arab Emirates in contrast have resisted Western calls for a rapid rise in oil output to contain a jump in crude prices caused by the conflict in Ukraine.

Those two leading Gulf Arab powers, which sought for years to isolate Qatar, have seen their own relations with Washington strained in recent years, partly over concerns about U.S. security commitments to its Gulf Arab partners.

No comments:

Post a Comment