Qatar’s role in LNG supply to Europe (Report)

05 June, 2024

LNG now accounts for 40% of the European Union’s gas imports from alternative sources and suppliers. Last year Qatar remained Europe’s second largest LNG suppliers. The country supplied 14%.

In 2023, Qatar exported 79.8 million tons of LNG, of which 15.1 million tons (19%) were delivered to Europe.

The LNG trade between Qatar and Europe is experiencing a significant shift, with Europe accounting for only 10% of Qatar’s LNG exports so far this year, down from 20% during the same period last year (Q1 2024 compared to Q1 2023). In the first three months of 2024, Qatar has realigned its export strategy towards closer destinations, specifically China (25%), India (17%), Pakistan (11%), and Kuwait (5%).

Source: European Gas Hub

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