LNG buyers are diversifying suppliers and routes after strikes during the US-Israeli war against Iran disrupted Gulf shipments and cut roughly 17% of Qatar's LNG export capacity. Asian importers are seeking cargoes from West Africa, Indonesia, Australia, China, Oman, North America and elsewhere, while producers and trading firms are spreading risk through new gas projects and multi-country supply portfolios. Gastech organizers estimated agreements announced or advanced in Bangkok at about $60 billion, including a 20-year China Gas Holdings-Venture Global LNG contract and a 35-year Malaysia-Thailand gas agreement. The disruption could improve prospects for projects outside the United States and Qatar, including those in Argentina, Timor-Leste and Tanzania. Qatar and Iran share the North Field-South Pars formation, which contains 25% of the world's gas resources and supplies 10% of global production; repairs to Qatar's facilities could cost about $5.8 billion and take up to three years. Despite 36 million metric tons of lost Middle East supply, new capacity means the net shortfall this year is estimated at about 5 million tons, or 1%-1.5% of global supply.