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Qatar, the world's largest LNG exporter, faces weak demand and scarce storage for unsold cargoes. It must choose between cutting output or cutting prices to win market share, a choice that could push gas prices negative.
Australia could overtake Qatar as the top exporter if Qatar cuts production.
A Qatari output cut would tighten global LNG supply and support prices, while a price war would deepen the glut and pressure gas costs lower. The outcome is uncertain, so the price direction depends on the decision.
aljazeera.comVerity Ratcliffe, Anna Shiryaevskaya, BloombergMay 12, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
