👈 According to a Reuters report, Qatar’s liquefied natural gas (LNG) exports have fallen sharply because the Strait of Hormuz has been blocked, and the drop has reached about 99 percent.

Qatar has so far lost about $24 billion in revenue from gas sales; at the same time, the increase in LNG exports from the United States has, to some extent, offset this decline.

Meanwhile, gas reserves at Europe’s storage facilities are at their lowest level for this time of year, and this situation increases the risk of a sudden rise in gas prices before the start of the winter season.

✅