Qatar maintained crisis conversations this week with important energy companies after Israeli attacks to the huge gas deposit of Iran, which he shares with Qatar, according to a source of the industry and a diplomat in the region in statements to Reuters.
Saad Al Kaabi, executive director of the state company Qatarenergy and Minister of Energy of the State of the Arab Gulf, urged companies to warn the governments of the United States, Great Britain and Europe about the risks of the conflict for Qatar gas exports and the growing threat to the world supply of gas, they said.
An interruption in the Qatar Liquefied Natural Gas (LNG) operations could cut around 20% of the global supply, which Exporta from the largest gas deposit in the world.
“Qaterenergy ensures that foreign governments are fully aware of the implications and repercussions that the situation and greater climbing have for the production of Qatar gas,” said the diplomat, who spoke on condition of anonymity due to the delicacy of the situation.
Kaabi also met this week in Doha with ambassadors representing countries whose companies are involved in the North Field Expansion project in Qatarenergy, said the diplomat.
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The great American exxonmobil and conocophillips, the British Shell, the Italian ENI and the French Totalenergies have participations in the expansion, which is expected to drive Qatar exports in approximately 82% in the coming years.
Qatar currently produces 77 million tons of liquefied gas per year.
So far, there have been no interruptions in Qatarenergy exports and load deliveries are made as planned. Israel began attacking Iran last Friday, stating that his former enemy was about to develop nuclear weapons.
Iran, who affirms that his nuclear program only has peaceful ends, responded with missile attacks and drones against Israel. The White House said Thursday that President Trump will decide on the participation of the United States in the conflict in the next two weeks.
A new expansion of the greatest conflict in history between Israel and Iran, raises multiple risks for the operations of Qatarenergy, the largest GNL exporter in the world. Qatar described Israel’s attack to the Iranian portion of the shared gas site as reckless action.
“The companies that operate in these deposits are international and there is a global presence, especially in the northern countryside,” Majed to Ansari, spokesman for the Qatar Ministry of Foreign Affairs, told Tuesday.
New Israeli attacks in the Iranian site would mean a risk for Qatar offshore facilities and could cause the closure of operations. An Israeli attack on the Iranian coastal nuclear plant of Bushehr could also cause a closure, since the contamination of the gulf waters would make workers access to Qatar platforms, which are mostly on the high seas.
If maritime transportation will interrupt through the vital narrow of Ormuz, as some Iranian officials have suggested, the Catarí production would also be interrupted. Doha’s metaneros ships must travel through the Strait to supply almost all cold customers, mainly in Europe and Eastern Asia.
Qaterenergy has ordered oil tankers this week who remain outside the Ormuz Strait and enter the Gulf only the day before loading, according to Fuentes.
Asian buyers would be the most affected by the interruptions in Ormuz and would have to increase the price and compete with European buyers to attract gas cargoes from the Atlantic basin.
Concerns for interruptions in LNG supply have promoted the spot prices of liquefied natural gas (LNG) in Asia, which reached 14 dollars per million British thermal units (MMBTU) on Friday, 11% more than last week.
With Reuters information.
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