The loss of market share coincides with a 42% drop in Qatari state revenues in the first half of 2026, and a 14% decrease in public expenditures to preserve development priorities. Emir Sheikh Tamim bin Hamad Al Thani has instructed government institutions and citizens to prepare for worst-case scenarios in the Middle East to maintain stability. He has urged stronger international efforts to secure energy infrastructure and regional shipping lanes after declaring that Iranian attacks on Qatar were a violation of its sovereignty.
Tuesday, October 20, 2026
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Qatar's India LNG Market Share Crashes to 4% and Oman Takes Top Spot
Commodities2 days ago
Oman has overtaken Qatar as the primary supplier of liquefied natural gas to India by shipping 585,000 tonnes in a single month. Data shows Qatar's share of India's LNG imports collapsed from about 45% to roughly 4% in September, with the US, Nigeria, and Angola now providing larger volumes. India's overall LNG imports fell 8.5% during the period, while Oman's rise was aided by a terminal located outside the Strait of Hormuz. The collapse follows the closure of the strait and a March Iranian strike on the Ras Laffan Industrial City.
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