U.S. LNG fills Qatar gap as South Korea shifts imports and boosts profits

AI Summary

U.S. LNG exports are increasing as the war between the United States and Iran blocks Qatari LNG exports, prompting South Korean importers to shift toward American supplies. Companies importing lower-priced U.S. LNG directly are benefiting from improved margins compared with Qatari supply.

As exports of Qatar’s liquefied natural gas (LNG) were blocked by the war between the United States and Iran, the United States is increasing LNG exports. For corporations that import LNG directly without going through Korea Gas Corporation (KOGAS), profits grow as imports of lower-priced U.S. LNG increase compared with Qatari supplies. In particular, private ...