Russia, Qatar To Coordinate Gas Supplies to Ensure Global Gas Market Stability
Russian President Putin has stated that Russia and Qatar can coordinate their respective LNG production and supplies to meet global demand. The two countries are the world’s second and third largest exporters. This should be good news for Europe – however Qatar cannot export due to problems in the Strait of Hormuz while the EU has stated it will cease buying Russian LNG from January. EU reserves are now at their lowest point while LNG prices have tripled this year. Europe now buys most of its LNG from the United States, providing an economic reason to prolong the war with Iran and keep Europe buying US supplies.
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