Qatar’s LNG Shutdown Sends Shockwaves Through Global Gas Markets

QatarEnergy’s shutdown of its LNG production complex has resulted in a streak of five days with zero shipments of the superchilled fuel, according to Kpler data cited by Bloomberg. This is the longest period with no Qatari LNG leaving the country since 2008, the publication noted, adding no LNG carrier has passed the Strait of Hormuz since February 28. That includes vessels normally exporting liquefied gas from the UAE, meaning 20% of the world’s LNG exports are gone. QatarEnergy — the state-owned energy giant responsible for…