QatarEnergy is reportedly to stop the production of LNG, due to military attacks on operating facilities in Ras Laffan industrial city and Mesaieed industrial city
Newsquawk Staff ·
QatarEnergy is reportedly to stop the production of LNG, due to military attacks on operating facilities in Ras Laffan industrial city and Mesaieed industrial city.
What it means
QatarEnergy's decision to halt LNG production due to military attacks signifies a notable escalation in regional tensions, which may lead to supply disruptions in the global energy market. This development could create upward pressure on LNG prices and impact associated equities, particularly those like Cheniere Energy. Investors should monitor the situation closely for further developments, as the implications for energy security in Europe and other markets could be significant.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- Newsquawk US Daily Equity Opening News - SKHY surges after op profit beat; NXPI & STX down after results
- Qatar has not presented a new proposal to end hostilities between Iran and the US, Reuters reports, citing a senior Iranian official; Tehran's policy of showing no flexibility over the nuclear issue remains unchanged
- Qatari mediators present Iran with a new draft deal in Tehran on Sunday, with Iran considering the proposal and a response expected by the end of the week, Reuters reports; Several countries would act as guarantors of the deal
- US Energy Secretary Wright says the suspension of sanctions on Russia is temporary; US is ramping up LNG exports
Related headlines
- TTF rises to EUR 100/MWh for the first time since December 20221 hour ago
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax1 hour ago
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels2 hours ago
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline2 hours ago
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement3 hours ago
- Equinor (EQNR NO) CFO says must be prepared for some demand destruction in Europe due to high gas prices; production from the Johan Sverdrup field is down 11% to date and it expects a larger decline next year3 hours ago
- Black Sea CPC oil exports to decline 2% M/M in November, sources report4 hours ago
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects4 hours ago
- The European Parliament’s environment committee will vote on reforms to the EU Emissions Trading System (EU ETS) on 1st December 20265 hours ago
- US Transportation Secretary Duffy is to announce approval of a license application for an USD 8.2bln deepwater LNG export port at Port Houston during a visit to Texas on Wednesday, Punchbowl reports5 hours ago
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield6 hours ago
- A drone strikes an oil pipeline in Sudan’s Red Sea State, causing damage and an oil leak, Al Hadath reports, citing its correspondent7 hours ago
- Vietnam's government is considering cutting special consumption tax on gasoline to zero14 hours ago
- US President Trump says he is terminating Biden's methane regulations14 hours ago
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln18 hours ago