A halt in liquefied natural gas (LNG) production in Qatar is
A halt in liquefied natural gas (LNG) production in Qatar is sending shockwaves through global energy markets; and the effects are already being felt far beyond the Persian Gulf.
Oil prices are edging toward $90 a barrel, while analysts at publications including the Financial Times are modeling scenarios in which prices could approach $150 should the supply disruption prove prolonged. Greece, a country that relies heavily on imported energy and had only recently brought inflation back under control after the turmoil of 2022, now faces a renewed threat to that hard-won stability.
Why Qatar Matters
Qatar is one of the world’s largest exporters of liquefied natural gas, supplying roughly one-fifth of the global LNG market. The vast majority of those exports pass through the Strait of Hormuz, one of the most critical energy transit points on the planet.
When a supplier of that scale pulls back, even temporarily, global supply tightens and prices adjust almost immediately.
Greece Isn’t Insulated — Even Without Direct Ties to Qatar
Greece
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