Qatar s planned expansion of
liquefied natural gas production could see it control
nearly 25% share of the global market by 2030 and squeeze out
rival projects including in the United States where.
Oil Updates: Yemen s Iran-backed Houthi group has since November been attacking vessels in the Red Sea, part of a route that accounts for about 12% of the world s shipping traffic, in what they say is an effort to support Palestinians in the war with Israel.
In response to increased security concerns following US and UK airstrikes in Yemen, Qatar halted LNG shipments through the Bab el-Mandeb Strait on Monday, 15 January, according to a report by Bloomberg. Five tankers were rerouted, disrupting Europe's winter gas supply from the world's second-largest liquefied natural gas (LNG) exporter, accounting for around 13 percent