The head of the world's largest purchaser of liquefied natural gas expects supply disruptions in the Strait of Hormuz to continue, further reducing exports from the region. Before the Middle East War, the region accounted for about one-fifth of the world's supply. Yukio Kani, chairman and global CEO of Japan's Jera, said on Friday: “We don't expect Qatar LNG to return to the market anytime soon.” He said that the spot price of liquefied natural gas is already double that of the same period last year, and “market participants are worried about the upcoming winter.” Qatar was the second-largest supplier of liquefied natural gas in the world before the conflict broke out. Qatar's LNG supply was interrupted, driving spot prices to the highest level since the end of 2022 last month. Tighter market supply may increase competition between Europe and Asia. Both regions are the largest buyers of this ultra-low temperature fuel, and the two sides will compete for alternative gas sources from the US and other regions.

The head of the world's largest purchaser of liquefied natural gas expects supply disruptions in the Strait of Hormuz to continue, further reducing exports from the region. Before the Middle East War, the region accounted for about one-fifth of the world's supply. Yukio Kani, chairman and global CEO of Japan's Jera, said on Friday: “We don't expect Qatar LNG to return to the market anytime soon.” He said that the spot price of liquefied natural gas is already double that of the same period last year, and “market participants are worried about the upcoming winter.” Qatar was the second-largest supplier of liquefied natural gas in the world before the conflict broke out. Qatar's LNG supply was interrupted, driving spot prices to the highest level since the end of 2022 last month. Tighter market supply may increase competition between Europe and Asia. Both regions are the largest buyers of this ultra-low temperature fuel, and the two sides will compete for alternative gas sources from the US and other regions.