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Tuesday, October 3, 2023

Qatar reduces the volume of LNG it supplies to Europe compared to 2022

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The volume of liquefied natural gas supplied from Qatar to Europe decreased compared to the same period of 2022. Bloomberg writes that this year the Middle East state sent less than 18% of blue fuel to the EU.

He is also the Minister of Energy of Qatar and President of QatarEnergy. Saad al-Kaabi He stated that in 2022, the company will continue to supply gas to Europe, despite the possibility of up to 15% rerouting of cargo included in the contracts to other destinations. It is recorded that the volume of Qatari gas entering Europe last year was 25%.

Now LNG prices in the EU have dropped to 25 euro/MWh. In this context, the self-restriction on the redirection of European cargoes no longer applies, the head of the energy ministry of Kaabi province said at a press conference in Doha.

It was previously reported that the third international economic forum was held in Doha, the capital of Qatar, between 23-25 ​​May. Participants of the event discussed a wide range of topics, from the climate agenda to the artificial intelligence market.

Source: Riafan

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