Daily Management Review

Bloomberg learns of US-Qatar talks on gas supplies to Europe


The US presidential administration is in talks with Qatar on possible deliveries of liquefied gas to Europe, Bloomberg has reported, citing knowledgeable sources.

According to the agency, Biden intends to invite the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, to the US. The meeting may take place in January, preparations for it have been under way for some time, Bloomberg writes.

US officials want to allay the fears of European countries, which are worried that sanctions against Russia over the situation around Ukraine will lead to a halt or restriction of Russian gas supplies in the middle of winter, Bloomberg's interlocutors said. According to the agency, Europe receives more than 40 percent of its gas from Russia.

Qatar, in turn, is one of the world's largest producers of liquefied natural gas (LNG) and sells about three-quarters of the fuel to Asian countries with low energy consumption, such as Japan and Korea, Bloomberg wrote. Qatar supplies about 5% of the country's LNG production to Europe.

source: bloomberg.com