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Wednesday, June 7, 2017

Energy security

Qatar may be Russia’s trump card to boost gas supplies to Europe


Qatar may be Russia’s trump card to boost gas supplies to EuropeThe world's biggest liquefied natural gas (LNG) exporter Qatar is facing supply problems with the Saudi-led alliance isolating the country’s trade. This may help Russia on the European gas market.
Qatar’s tanker fleet is barred from using regional ports and anchorages, posing a threat to the country’s LNG supplies.
Traders are worried Saudi Arabia and allies would refuse to accept LNG shipments from Qatar, and that Egypt might even bar tankers carrying Qatari cargo from using the Suez Canal, despite Cairo's obligation under an international agreement to allow the use of the waterway.
If LNG supplies are disrupted, Europe will have to buy more gas from Russia.
Gazprom is building new pipelines in Europe – Nord Stream-2 and Turkish Stream, but the Russian energy major is facing opposition on the continent.
The larger stumbling block is the Nord Stream extension, which will double the pipeline’s existing capacity to 110 billion cubic meters a year. The new pipeline, which bypasses Ukraine, will cover Germany's and France’s combined annual consumption of gas. Poland is one of the fiercest Nord Stream opponents and has built an LNG terminal at the port of Swinoujscie.

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