Qatar Supply Disruptions to Persist Through Winter: Jera CEO

JERA's Chairman and Global CEO Yukio Kani warns that disruptions to LNG supply through the Strait of Hormuz will persist, impacting global gas markets. The region accounts for about a fifth of global supply before the Middle East war.

LNG spot prices are double what they were this time last year, and market participants worry about coming winter. Qatar's LNG supply is crucial to meeting global demand, but disruptions have led to higher prices.

The tighter market may lead to greater competition between Europe and Asia for alternative supplies from the US and other regions. Jera expects that seasonally low gas storage levels in Europe, coupled with a ban on Russian LNG imports from January, will drive up spot prices further.