What is Qatar?

Qatar says 17 percent of its LNG capacity is so badly damaged it will not return for 4 to 5 years, though Robin Mills estimates recovery could be closer to 3 years.

“The Qataris informed us about 17% of their liquefied natural gas capacity so badly damaged that it won't come back for they say 4 to 5 years.”

One of two trains at Shell's Ras Laffan gas-to-liquids plant is badly damaged and expected to be offline for more than a year.

“One out of the two trains there was also badly damaged and out of action, you would assume, for probably more than a year.”

LNG trade capacity under construction points to an approximately 50% increase in global LNG trade, but new supply will not replace disrupted Qatari and Emirati volumes in the near term.

“We are going to have an increase about 50% in terms of LG trade.”

In the first five months of 2025, the US secured separate trillion-dollar investment commitments from Saudi Arabia, Qatar, and the UAE.

“If you would have told me that in the first 5 months of this year, we would have gotten a trillion dollar deal signed with Saudi in terms of their investment in the United States, another trillion dollars with Qatar, another trillion dollars with the UAE.”

The global LNG pool has shrunk by approximately one-fifth due to the disruption of Qatari and Emirati exports.

“The pool of LNG has been really been shrinking by about 1/5.”