Qatar LNG exports fall 96% during US-Iran war
This digest was compiled by AI from multiple sources — links to the originals are below.
Qatar's liquefied natural gas exports fell 96% during the six-month war between the United States and Iran, with only 18 cargoes shipped versus 509 a year earlier. The collapse has cost Qatar about $24 billion in lost revenue and left European gas inventories at record lows for this time of year.
Key Facts
- Qatar exported 18 LNG cargoes during the six-month conflict, down from 509 in the same period a year earlier, according to ICIS data.
- The export collapse has cost Qatar approximately $24 billion in lost revenue, equivalent to about five months of its 2025 state income.
- Two Qatari LNG tankers were attacked during the period, and state-owned QatarEnergy did not respond to Reuters' request for comment.
- European gas inventories fell to a record low for this time of year, raising the risk of sharp price increases if winter is cold.
- Before the conflict, Qatar supplied about one-fifth of the world's daily LNG exports.
Export Collapse
Qatar's LNG exports fell 96% during the six-month war between the United States and Iran, according to Reuters and ICIS data. The country shipped only 18 LNG cargoes compared with 509 in the same period a year earlier. Two Qatari tankers were attacked, and QatarEnergy did not respond to a Reuters request for comment. Before the conflict, Qatar accounted for about one-fifth of global daily LNG exports.
Financial and Market Impact
Reuters estimates the supply disruption has cost Qatar about $24 billion in lost revenue. That sum is equivalent to roughly five months of Qatar's 2025 state income. U.S. LNG producers captured part of the freed-up market, but their increased exports only partially offset the Qatari shortfall. European gas inventories dropped to a historic low for this time of year, increasing the risk of price spikes in a cold winter. Other Gulf oil exporters also faced disruptions, but their losses were significantly smaller than Qatar's.
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Qatar LNG exports fall 96% during US-Iran war
