Gulf to stop energy exports within weeks, warns Qatar
Gulf energy exporters face potential export shutdowns within weeks due to escalating Iran-US-Israel conflict, warns Qatar's energy minister.
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Qatar energy minister warns Iran war will force Gulf to halt energy exports within weeks: report
Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country’s Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday. Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and US attacks. The country’s LNG production is equivalent to about 20 per cent of global supply and plays a major role...
By none@none.com (AFP)
Read full article →Gulf to stop energy exports within weeks, warns Qatar
Gulf energy exporters face potential export shutdowns within weeks due to escalating Iran-US-Israel conflict, warns Qatar's energy minister. This could trigger oil prices to $150 a barrel and severely impact global economies. Qatar has already declared force majeure on LNG exports after an Iranian drone strike, with full recovery expected to take months.
By TOI BUSINESS DESK
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