The cuts, of a combined 772,000 barrels per day (bpd), will take effect from May and last for the rest of the year, they said in statements released by official media
Mazrouei said the "unclear" strategy of many countries made it difficult for them to commit to long-term gas contracts which in turn made it hard for energy companies to secure financing to invest in developing production capacity. As competition for LNG heated up, Germany last year struck a 15-year supply deal for Qatar LNG from 2026, the first of its kind to Europe from Qatar's North Field expansion project.