Qatar's LNG boost will come from the expansion of its North Field gas reserves and projects like the Golden Pass terminal in Texas.
Liquefied natural gas LNG immediately became the world's key emergency energy supply when Russia invaded Ukraine on 24 February 2022. Unlike oil or gas transported through pipelines, LNG does not require vast expense and years of building a complex infrastructure before it is ready to transport. On the contrary, it can be bought quickly and reliably either through short- or long-term contracts or in the spot market and then shipped anywhere within a matter of days.
Ultimately in business, sellers will always finally align with the best offer available to them, and after Russia failed to secure its anticipated lightning capture of Ukraine, this turned out to be the U.S. and its allies. The end of March 2022 saw the first in a series of strategically crucial meetings for Washington and its allies with senior representatives from Qatar aimed at securing vital LNG supplies urgently for the West.
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