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QatarEnergy plans overseas LNG purchases to guard against Hormuz disruptions, Reuters reports

Qatar ·

QatarEnergy is reportedly considering buying liquefied natural gas overseas to offset potential losses from disrupted shipments through the Strait of Hormuz. The strategy would let it benefit from price differences between US and European gas markets, while the company buys long-term supplies of liquefied gas.

Qatar is one of the world's largest exporters of liquefied natural gas, and most of its shipments pass through the Strait of Hormuz, a narrow waterway between Iran and Oman.

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