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LNG Buyers Hunt for Deals in US After Qatar Is Shut From Market

Ruth Liao
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⚡ Quantum Brief
Global LNG buyers are scrambling for US supplies after Qatar’s Ras Laffan plant—the world’s largest—was cut off due to the Iran war, disrupting 77 million tons of annual capacity. Japan and Germany lead Asian and European importers in urgent talks with US LNG producers like Cheniere Energy to secure short-term cargoes amid tightening supply. The crisis has spiked demand for US exports, but limited terminal capacity and existing long-term contracts constrain immediate availability, worsening global energy shortages. Short-term LNG prices are surging as buyers compete for scarce US shipments, with spot contracts prioritized over traditional multi-year deals to address immediate energy deficits. Analysts warn prolonged Qatar disruptions could reshape LNG trade flows, accelerating US dominance in the market while forcing buyers to accept higher costs and logistical challenges.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A LNG tanker at the Cheniere Energy export terminal in Sabine Pass, TexasPhotographer: Lindsey Janies/Bloomberg Asian and European buyers of liquefied natural gas are chasing the limited number of cargoes still available from US suppliers after the world’s largest LNG plant in Qatar was shut out of the market by the war in Iran. Importers from Japan and Germany are among those in discussions with US LNG companies to buy more of the fuel, particularly for short-term delivery, according to people familiar with the situation who asked not to be because the information is private.

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Source: Bloomberg

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