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Qatar crisis: Negligible impact?
Jun 19: The severing of diplomatic ties with Qatar by Saudi Arabia, the UAE, Bahrain and Egypt, amid accusations of supporting extremism has prompted many in India to ponder its impact on the LNG market
8A very comprehensive study seems to suggest that the impact will not be as bad as was imagined.
8The conclusion is that impact of the crisis on the global LNG market -- whether from UAE and Egypt refusing LNG cargoes or Qatari cargoes traveling around the African Cape to avoid the Suez or even a closure of the Oman-Abu Dhabi gas pipeline -- would not be noticeable due to the rapid response of cargo diversions resulting in no net delivered volume reduction for any importer.
8Asian spot prices are however likely to be depressed as a consequence
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