QatarEnergy signed an October 22 deal with US exporter Cheniere Energy to buy 4 million tonnes of LNG a year through 2054, priced on Henry Hub plus a fixed fee, with deliveries expected from the 2030s. Qatar, once the world's second-largest LNG exporter, lost about 17% of its export capacity after Iran's March attack on the Ras Laffan complex, and Energy Minister Saad Sherida Al-Kaabi said repairs could take about 3 years. With the Strait of Hormuz largely blocked, Alex Munton of Rapidan Energy said the long-term contract suggests free shipping through Hormuz may not return soon, even after facilities are restored. Since the conflict began, shares of Cheniere Energy and Venture Global have risen 26% and 40%, respectively. Reuters reports Venture Global is also negotiating with QatarEnergy on a deal for 3 million tonnes of LNG a year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: "Đại gia" dầu khí Qatar bất ngờ phải mua khí tự nhiên của Mỹ: Cú đảo nghịch trên bản đồ năng lượng toàn cầu
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QatarEnergy struck a deal Thursday with Cheniere Energy to buy 4 million metric tons of LNG annually through 2054, priced off Henry Hub plus a fixed fee, with deliveries starting in the 2030s. Qatar, once the second-largest LNG exporter after the U.S., has seen shipments collapse since Iran bombed its Ras Laffan facility in March, knocking out about 17% of export capacity; repairs are expected to take about three years, and Qatar has declared force majeure monthly while exporting very little through the Strait of Hormuz. Venture Global is reportedly in advanced talks to supply 3 million metric tons annually to Qatar, and Cheniere and Venture Global shares have risen 26% and 40% since the war began. Analysts remain broadly positive: nearly 90% of those covering Cheniere rate it favorably, with an average target of $314, about 9% above Thursday's close, while about 60% rate Venture Global favorably and the rest neutral. The article quotes an analyst saying the U.S. is becoming disproportionately large in global LNG market share as buyers diversify supply.
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