Qatar satisfies almost 30 percent of global demand for liquefied gas. Along with Iran it is home to the world’s largest gas field. As the country’s diplomatic crisis deepens, there are fears that shortages could lie ahead.
The US has a vested interest in selling liquefied natural gas to Europe's biggest economy as it produces a lot more than it needs at home. But is LNG really vital for Germany's long-term energy strategy?
The German decision to back the construction of a liquefied natural gas terminal comes after the US pressured Europe to buy more of its gas. There is no guarantee a German LNG terminal would exclusively import US gas.
As Qatar leaves OPEC, a Troika of Saudi Arabia and non-OPEC members Russia and the US are likely to press ahead with their own interests. So, are the days of OPEC dominance numbered?
Qatar is leaving OPEC. The Gulf country's government has said the move is mainly for economic reasons, but dramatically worsened ties with some of its neighbors also played a significant role.
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