QatarEnergy plans overseas LNG purchases to guard against Hormuz disruptions, Reuters reports
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QatarEnergy plans to purchase liquefied natural gas from overseas to protect against disruptions in the Hormuz strait. This strategy aims to use price differences between gas markets in the US and Europe. By doing so, the company may offset losses caused by interrupted shipments. The company is acquiring long-term supplies of the gas.
The strategy would allow the QatarEnergy to capitalise on price differences between US and European gas markets, potentially offsetting losses from interrupted shipments. QatarEnergy is buying long-term supplies of liquefied…