Europe and Asia Battle for Critical Spot LNG Supply

Asia is struggling to obtain spot LNG cargoes for emergency supply this month as the halt to Qatar’s exports tightened the market and reignited competition with Europe for promptly available supply. In the absence of Qatar’s term supply and about 20% of global LNG flows blocked at the Strait of Hormuz, some buyers in South and Southeast Asia who have sought spot cargoes for March have failed to purchase any, sources and officials at key Asian LNG importers told Bloomberg on Tuesday. Tenders for spot…