221. LNG – Hormuz – “Apocalypse Now” - Mar26

The LNG market's future is analyzed with Ira Joseph, a global gas analyst, focusing on the implications of recent disruptions in Qatar and Iran. The discussion centers on how the potential loss of Qatari LNG exports—approximately 77 million tons per year—could reshape global demand and pricing. Key topics include the pricing mechanisms in different LNG regions (US, Europe, Asia), the vulnerability of Southeast Asian countries, and potential demand cuts from China, South Asia, and Europe. Joseph suggests a scenario where increased LNG supply coupled with weakened demand growth could lead to weaker LNG prices long-term, also highlighting the potential for increased reliance on renewables, batteries, and even coal.