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27.03.26 - 21:27
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Soaring Prices Set To Crash China′s LNG Imports To 8-Year Low (ZeroHedge)
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Soaring Prices Set To Crash China's LNG Imports To 8-Year Low
Submitted by Tsvetana Paraskova of OilPrice.com
Surging LNG prices amid the war in the Middle East are set to lead to the lowest monthly LNG imports into China in eight years as Qatari and UAE supply is off the market and Chinese buyers look to raise supply from domestic gas production and pipeline deliveries.
China is on track to import about 3.7 million tons of LNG in March, per tanker-tracking data by Kpler cited by Bloomberg. That would be the lowest monthly import level in the world's top LNG importer since the spring of 2018, as well as a 25% slump compared to March 2025, according to Bloomberg data and analysis.
The de facto closure of the Strait of Hormuz has stranded all Qatari and UAE supply of LNG. Additionally, Qatar's LNG capacity has been severely damaged by Iranian missile attacks, which forced state firm QatarEnergy to declare force majeure on contracts and start quantifying the losses.
The Iranian missile attacks...
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27.03.26 - 17:51
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Will QatarEnergy′s LNG Fiasco Derail Goldman′s Prewar View Of A Mega LNG Wave (ZeroHedge)
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Will QatarEnergy's LNG Fiasco Derail Goldman's Prewar View Of A Mega LNG Wave
Global energy flows are being rewired across Eurasia as the Russia-Ukraine war and the latest U.S.-Iran conflict disrupt Gulf energy flows in what may be the worst energy shock on record.
One major new development is that roughly 20% of global LNG flows remain shut in the Gulf region because of the Hormuz chokepoint, with QatarEnergy warning last week that 17% of its LNG export capacity could be offline for three to five years.
That brings us to Goldman commodities expert Samantha Dart's warning to clients about five months ago, in which she said the "largest-ever LNG supply wave" was set to hit, pushing prices lower.
The question now is whether Dart's warning still holds, given that the Iranian attack on Qatar's Ras Laffan gas facility wiped out about 17% of the country's LNG export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia. Repairs...
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27.03.26 - 15:48
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QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes (ZeroHedge)
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QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes
The already dismal LNG supply situation just got worse.
With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, including for customers in Italy, Belgium, South Korea and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg.
The move on Tuesday comes amid ongoing production and supply disruptions caused by the United States-Israeli war on Iran.
Force majeure is a clause in contracts that allows a party to be excused from its obligations due to unforeseeable events. Petroleum companies in Kuwait and Bahrain have also recently invoked force majeure.
Last week, QatarEnergy CEO Saad al-Kaabi said an Iranian attack on Qatar...
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27.03.26 - 14:48
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First Qatar Supply Shock, Now Cyclone Chaos Slams Major Australian LNG Plants (ZeroHedge)
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First Qatar Supply Shock, Now Cyclone Chaos Slams Major Australian LNG Plants
In a troubling overnight development that could further deepen the Gulf energy shock, especially in global LNG markets, a tropical cyclone has disrupted operations at three major Australian LNG facilities, which together account for roughly 8.4% of global supply. The timing is alarming: Iranian strikes have already knocked out about 17% of Qatar's LNG export capacity, with repairs potentially taking years. The Australian outages now add near-term supply risks for buyers, particularly in Asia and Europe, who are already panicking and scrambling for new supplies.
Tropical Cyclone Narelle is bearing down on Western Australia's coastline and has sparked major disruptions across three of Australia's top LNG facilities, including Gorgon, Wheatstone, and North West Shelf (as per Bloomberg):
Woodside Energy Group Ltd.'s North West Shelf export plant in Western Australia had a production interruption due to severe Trop...
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