By Paul Sankey
Published on March 7, 2026 at 3:44 PM
We covered Qatar in a note & conference call in this first week of Gulf War III. Who controls the Strait of Hormuz? Iran within the China axis, with Russian support. As of today. Arguably the US needs boots on the ground to control the Iranian side of the Straits. On Friday the head of QatarGas and Qatar energy minister Saad Sherida Al-Kaabi went front page in the Financial Times to highlight the sustained outage …
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By Paul Sankey
Published on March 6, 2026 at 6:35 AM
Great call by Gordon Shearer and Ira Joseph, in a tight hour and five minutes. Impressive stuff, with just the right mix of agreement and divergence. https://analysthub.zoom.us/rec/share/v1JXsMqaeTzUoF0xKt4R53Jba_ElQ8yLAFQcgozce1aYJUWwooFZQzUr2jEz6elc.RJ0a8ilz6ItNKh7r Key stories I missed in Qatar note. 1) No emergency shutdown, it was orderly. Big difference 2) This story was described as almost bigger than the Qatar story. No LNG tanker has ever exploded, much less sunk, in the industry’s history. All seaborne trade is now higher risk. …
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By Paul Sankey
Published on March 4, 2026 at 10:03 PM
LNG superpower Qatar finds itself having been bombed by both Israel AND Iran within the past year. Now a gigantic oil and gas outage, and notably the unprecedented shutdown of the world’s single largest LNG facility, which is a multi-month outage, will roil markets far more than is currently being discounted in relatively muted energy and equity market responses. The world is sold out of LNG supply, and this gas would represent around 2mb/d of …
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