Qatar threatens to stop LNG supplies to the EU – Commerzbank
More leeway for LNG deliveries from the US to the EU could be created not only by turning away from Russian gas, but also from other sides, Commerzbank's commodity analyst Barbara Lambrecht notes.
EU unlikely to want to depend on a single LNG supplier
"The Emirate of Qatar, currently the EU's third-largest LNG supplier with a share of just under 12% of EU LNG imports, has threatened to stop gas supplies if the EU does not remove certain climate protection requirements from its Corporate Sustainability Due Diligence Directive."
"The latter is to be transposed into national law by July 2027. This leaves plenty of time for negotiations. There is likely to be a strong willingness to negotiate on both sides, as Qatar needs buyers for its growing LNG supply: according to the IEA, the emirate plans to expand its annual liquefaction capacity by a cumulative 65 billion cubic metres by 2030."
"At the same time, the EU is unlikely to have any interest in becoming too dependent on a single LNG supplier, in this case the US."
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