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Russia’s Natural Gas Will Be “Almost Impossible” To Replace — Tsvetana Paraskova

Summary:
One of the world’s largest liquefied natural gas exporters, Qatar, can divert only 10-15 percent of its LNG cargo contracts to other destinations, Qatari Energy Minister Saad al-Kaabi said on Tuesday amid the escalation of the Russia-Ukraine crisis, adding that replacing Russian gas deliveries to Europe in the short term is “almost impossible.”...What do the futures markets say? OilpriceRussia’s Natural Gas Will Be “Almost Impossible” To ReplaceTsvetana Paraskova

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One of the world’s largest liquefied natural gas exporters, Qatar, can divert only 10-15 percent of its LNG cargo contracts to other destinations, Qatari Energy Minister Saad al-Kaabi said on Tuesday amid the escalation of the Russia-Ukraine crisis, adding that replacing Russian gas deliveries to Europe in the short term is “almost impossible.”...

What do the futures markets say? 

Oilprice
Russia’s Natural Gas Will Be “Almost Impossible” To Replace
Tsvetana Paraskova
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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