Qatar LNG exports reportedly collapse 96% amid Strait of Hormuz disruption
Qatar has reportedly lost $24 billion in gas revenue as LNG exports collapsed 96% due to the Strait of Hormuz disruption cutting off one of the world's biggest gas exporters, which normally supplies roughly 20% of global LNG. American energy companies are reportedly stepping in to fill the supply gap, potentially tightening global energy supplies and raising consumer heating and electricity bills.
Detected & updated continuously · Source: Nebula
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@moneygurusumit
🇶🇦 QATAR JUST LOST $24 BILLION IN GAS REVENUE. And the reason is much bigger than Qatar. LNG exports have reportedly collapsed 96% as the Strait of Hormuz disruption cuts off one of the world's biggest gas exporters. Qatar normally supplies roughly 20% of global LNG. Now only https://t.co/w9eVNYFhvE
@socalspawn
Any strategist worth their salt could tell you a war on Iran will make shipping through the Strait of Hormuz complicated. I'm sorry Qatar, but the fine print says more: American energy companies are stepping in, selling (LNG) liquid natural gas to the rest of the world for (profit) I mean to fill a gap; which means an eventual tightening of global energy supplies, which will only lead to higher heating and electricity bills for regular consumers like you and me! Winter is coming! Are we winning yet? The full article