Qatar will need help from the United States to persuade Doha’s natural gas buyers to reroute some supplies to Europe in case a Russia-Ukraine conflict disrupts Russian deliveries to the continent. The U.S. administration has approached Doha and other major energy producers to see if they can help in case Russia attacks Ukraine – opening a new chapter in reviving JCPOA in favor of Iran. Doha can send some additional spare gas to Europe. Realistically, however, lacking spare supply and a potential reluctance of Qatari gas consumers will be a major issue as most volumes are contracted under long-term deals. The European Union needs to think about committing to long-term LNG contracts to avoid future supply shocks.
- EXCLUSIVE Qatar could reroute some gas to Europe with U.S. mediation – source