Qatar’s LNG Loss Revives Projects From Argentina to Timor-Leste

AI Summary

With 17% of Qatar's LNG export capacity offline, buyers at Gastech are seeking LNG supplies from Argentina, Timor-Leste, and other emerging projects. These developments include significant long-term contracts and investments valued at around $60 billion, affecting global energy markets and prices.

With 17% of Qatar’s LNG export capacity disabled and Gulf shipments disrupted, buyers arrived at Gastech looking for gas from somewhere else. Organizers valued the agreements announced or advanced in Bangkok at an estimated $60 billion, including a 20-year U.S. LNG contract and a 35-year production agreement in the Gulf of Thailand, while proposed projects in Argentina, Timor-Leste and Tanzania drew interest from buyers and investors. Energy prices pulled back sharply on Monday, with oil falling below $100 per barrel for the first time in…