Qatar fight finally spills over into the global energy market
Source: MSN/CNBC
Two Qatari LNG shipments, believed to be U.K.-bound, abruptly changed direction in the Gulf of Aden Thursday, raising speculation that the row between Qatar and its Mideast neighbors will spill more broadly into the global gas market.
U.K. natural gas futures spiked nearly 4 percent as the reports began to circulate. Qatar is the world's largest exporter of liquefied natural gas, and so far the dispute between Qatar and Saudi Arabia, the United Arab Emirates and Egypt, has had little impact in energy markets. The two Qatar shipments were believed to have been headed for Britain's South Hook terminal, partly owned by Qatar Petroleum.
According to Kpler, the Al Mafyar tanker, carrying 262,000 cubic meters of LNG, was no longer heading toward the Suez Canal and its destination was unknown. Kpler, a shipping intelligence firm, said the second tanker, Zarga, with the same capacity, took a U-turn and headed back in the same direction from where it came.
The report was surprising and raised questions about whether Qatar vessels were able to move through the Egyptian-controlled Suez Canal. About 7 percent of sea borne oil and 13 percent of the world's LNG is transited through the Suez, according to RBC's Helima Croft.
Read more: http://www.msn.com/en-us/money/markets/qatar-fight-finally-spills-over-into-the-global-energy-market/ar-BBCjPv1?li=BBnbfcN&ocid=UE01DHP
You would almost think that Trump is trying to create chaos in the middle east in order to jack up oil prices for certain GOP supporting groups.
Tactical Peek
(1,212 posts)Just another GOP supporting group.
elmac
(4,642 posts)or there is turmoil. I wonder how much the banksters pay ISIL each year?
forgotmylogin
(7,530 posts)I thought it rhymed with "guitar", but on MSNBC I think, someone pronounced it to rhyme with "gutter".
Ilsa
(61,698 posts)JustABozoOnThisBus
(23,364 posts)I wonder if pronouncing it like "gutter" is like saying "Democrat Party", a way to annoy.
dalton99a
(81,570 posts)The correct English pronunciation is a matter of debate. Here are several options:
KUH-tah
kuh-TAR
KAH-ter (Kotter)
Gutter
Cutter
So, say it however you wish
forgotmylogin
(7,530 posts)I don't generally need to say it in normal conversation, but more than once I've been listening to radio news trying to figure out what country they are talking about.
muriel_volestrangler
(101,361 posts)It's normally only active war that makes Egypt block other countries' ships.
According to the headline of this subscription-only site, "Qatar LNG cargo transits Suez But Qatari vessel on course for the Canal alters course" http://www.tradewindsnews.com/incoming/1278228/qatar-lng-cargo-transits-suez . It looks like LNG loaded in Qatar is going through, but Qatari-owned vessels may not be.
JCMach1
(27,572 posts)Shocking, no?
Hortensis
(58,785 posts)Reuters -- "Analysts still do not see an interruption in supply in the LNG market, even with Qatar's role as the world's largest producer.
"Only Egypt and the UAE are boycotting Qatari cargos so they are the only countries that might see U.S. volume replace Qatari," said Theodore Michael, senior LNG analyst at energy data provider Genscape in Boulder, Colorado. ...
Shell has a deal to supply the Dubai Supply Authority (DUSUP) with LNG which it typically sources from Qatar. But the ban meant it had to source the LNG from elsewhere. Shell's Maran Gas Amphipolis tanker, carrying around 163,500 cubic metres of LNG from Cheniere's Sabine Pass LNG export terminal in Louisiana, was initially headed toward Kuwait's port of Mina Al-Ahmadi but rerouted Wednesday for Dubai's port of Jebel Ali. ...
"Shell, as the largest LNG trader, would have a high probability of managing some of this," said Robert Ineson, managing director global LNG at IHS Markit in the Houston area. "A shutdown of Qatar's exports, either by pipeline or via LNG, would be highly disruptive to global gas markets. We think this is not likely."
Eben Burnham-Snyder, spokesman at Cheniere Energy Inc said earlier this week that the company - currently the only supplier of U.S. LNG - will keep sending cargos around the world. U.S. cargoes can be rerouted based on market conditions. "
AntiFascist
(12,792 posts)...
Although Qatar has increased its share in Europe from 1 to 6 percentage, it is arranging sea transportation of liquefied gas to Europe only, after the Islamic gas pipeline project was killed. Qatar has faced a strong rival in the field and will hardly manage to resist it. The same is with Iran that has got out of the regime of economic sanctions (conditionally). The country is increasing gas recovery rapidly and in the western direction of its gas export the Islamic Republic of Iran plans to get access to the European market through LNG (Head of the National Iranian Gas (NIGC) Company Hamid Reza Araki). This means that for Russia Irans gas constitutes threat only in the long-term outlook. Meantime, for U.S. LNG program it is a rival (unlike Qatar, it is an unmanageable rival) already now. Therefore, it is not surprising that already in February, a week after inauguration, Trump called Iran the terrorist organization number one and expanded the list of Iranian sanctions.
Подробнее: https://eadaily.com/en/news/2017/03/06/syria-ukraine-gas-pipeline-wars-us-russia-alliance-inevitable
https://eadaily.com/en/news/2017/03/06/syria-ukraine-gas-pipeline-wars-us-russia-alliance-inevitable