In 2022, when Europe drastically cut its imports of Russian gas following the latter’s invasion of Ukraine, the continent started to look overseas to shore up its energy supplies. As a major gas producer, Qatar received renewed interest from European buyers. Two years later markets have settled, and Europe is reverting back to its pre-Ukraine positions regarding the primacy of the energy transition over energy security.
Qatar’s LNG exports to Europe peaked back in 2011. But since then the emirate had faced more competition from the likes of Russia, and since 2016, the USA. Even with Qatar lifting exports to Europe in 2022, they remained below 2020 levels, let alone 2011’s peak. (CONTINUED - 825 WORDS)
