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Market Chatter: Qatar LNG Exports Down 96% Over 6 Months of US-Iran War

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Qatar is one of the global energy producers most deeply impacted by the US-Iran war, Reuters reported on Wednesday, with its liquefied natural gas exports down 96% six months into the conflict, while Saudi Arabia, the UAE, Iraq and Kuwait have been hit less hard.

The lost gas sales have deprived Qatar of about $24 billion in revenue or about five months' worth of income, based on 2025 figures, according to Reuters' calculations.

Qatar has exported only 18 LNG cargoes compared with 509 in the same six months of 2025, the article said, citing data intelligence firm ICIS and two of its tankers were attacked in that period.

The country supplied about a fifth of the world's LNG up until the war began. The US has been able to provide some of that supply since then, but Europe remains short, with gas storage at a historic low for this time of year, creating anxieties about supply for the winter ahead.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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