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Qatar’s Golden Pass dilemma
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
Lessons from the crisis
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
Letter from the US: The oil market abyss
The overlooked oil supply issue is that even after the Strait of Hormuz opens, barrels won’t readily return
Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
Hormuz crisis delivers tailwinds for US LNG
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
The spectre of a European gas price cap returns
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
Letter from London: The oil market should panic tomorrow
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
Trump’s bid to reshape the global energy order
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
The diesel crisis
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
Energy dominance as diplomatic leverage
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
Tehran is taking a closer interest in the KRG’s gas ambitions
Kurdistan Iran Iraq KRG Gas US
PE Staff
30 June 2022
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Iran casts shadow over Kurdish gas aspirations

The Kurdistan region is facing political and military challenges as efforts to appoint a government in Baghdad descend further into chaos

Years of wrangling over the status of Iraqi Kurdistan’s oil and gas sector are coming to a head. And as Baghdad descends into further political upheaval, Tehran appears likely to be the key beneficiary. Independent Kurdish oil exports have been a prominent issue since they began in 2007. But the declaration in February by Iraq’s federal court that these exports are unconstitutional has added a high-profile legal edge to proceedings—with Kurdish expansionism up against vested interests in maintaining the status quo. With production of c.450,000bl/d and exports of c.350,000bl/d, the Kurdistan region accounts for a little over 10pc of Iraq’s oil flows. The Kurdistan Regional Government’s (KRG’s

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