The outlook for European natural gas supply has deteriorated further as QatarEnergy maintains its stance on withholding liquefied natural gas (LNG) shipments to the continent.
The state-owned energy giant has extended its pause on deliveries, a move that is tightening an already constrained market and raising alarms among traders and policymakers alike.
Analysts from ICIS, a leading energy consultancy, have warned that prolonged delays in Qatar’s LNG exports could leave Europe short of supply.
European natural gas prices are facing renewed upward pressure in response to the development.
The persistent lack of supply from one of the world’s largest LNG exporters is exacerbating fears that the continent may face a supply deficit this winter.
Market participants are increasingly pricing in the risk of tighter balances, particularly as storage levels remain a critical focus heading into the heating season.
Analysts from ICIS, a leading energy consultancy, have warned that prolonged delays in Qatar’s LNG exports could leave Europe short of supply.