Qatar LNG disruption sends buyers to alternative gas projects at Gastech

  • Gastech buyers pursued alternative gas supplies after strikes disrupted Qatar and Gulf shipments.
  • 17% of Qatar's LNG export capacity was cut after March strikes damaged Ras Laffan units.
  • China Gas Holdings signed a 20-year LNG agreement with Venture Global LNG starting in 2030.

Gastech participants sought alternative gas supplies after strikes disabled 17% of Qatar's LNG export capacity and disrupted Gulf shipments. Agreements announced or advanced in Bangkok were valued by organizers at an estimated $60 billion, including China Gas Holdings' 20-year LNG sales and purchase agreement with Venture Global LNG for 0.5 million tonnes per annum from 2030 and a 35-year production-sharing and gas sales agreement in the Malaysia-Thailand Joint Development Area. Interest also focused on proposed projects in Argentina, Timor-Leste and Tanzania. Oil fell below $100 a barrel on Monday after U.S. President Donald Trump indicated openness to a potential meeting with Iranian President Masoud Pezeshkian at the United Nations General Assembly in New York. Qatar and Iran share the North Field-South Pars formation, which holds 25% of the world's gas resources and supplies 10% of global production, but strikes damaged facilities on both sides. Qatar faces repair costs estimated at about $5.8 billion, while Iran has lost roughly one-third of its gas capacity and remains constrained by sanctions and reconstruction challenges.

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