Qatar’s LNG Loss Revives Projects From Argentina to Timor-Leste
Oil Prices Reverse Course as Traders Watch US-Iran Diplomacy Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
With 17% of Qatar’s LNG export capacity disabled and Gulf shipments disrupted, buyers arrived atGastechlooking for gas from somewhere else.
Organizers valued the agreements announced or advanced in Bangkok at an estimated $60 billion, including a 20-year U.S.
LNG contract and a 35-year production agreement in the Gulf of Thailand, while proposed projects in Argentina, Timor-Leste and Tanzania drew interest from buyers and investors.Energy prices pulled back sharply on Monday, with oil falling below $100 per barrel for the first time in two weeks after U.S.
President Donald Trump indicated he isopen to a potential meetingwith Iranian President Masoud Pezeshkian at the upcoming United Nations General Assembly in New York, scheduled to kick off on Tuesday.
Trump is due to address the General Assembly on the opening day while his Iranian counterpart is set to speak on Wednesday.
Qatar’s North Field and Iran’s South Pars occupy the same 9,000-square-kilometer gas formation, which holds 25% of the world’s gas resources and supplies 10% of global production.
Strikes damaged production and processing facilities on both sides, cutting Qatar’s LNG export capacity and reducing the gas available to Iran’s domestic market.
Related: Hormuz Blockage Puts Qatar's $83 Billion LNG Bet at Risk The March strikes damaged two LNG production units at Ras Laffan, cutting Qatar's export capacity by roughly 17%.
WoodMac estimates that total repair costs for Qatari gas-processing capacity will hit ~$5.8 billion, with full repairs on damaged liquefaction trains expected to take up to three years.
QatarEnergyrecently pushed backthe launch of the first production unit at the North Field East project to the first half of 2027, whileforce majeure declarations on contracted supplies for certain buyers were extended into November 2026.
Qatar exported more than 80 million tonnes of LNG in 2025, with India receiving 11.9 mt, Taiwan 8.2 mt while Europe accounted for 11% of total supply.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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