Qatar Signs 30-Year Cheniere LNG Purchase Deal

QatarEnergy agreed to buy 4 million metric tons per year of U.S. LNG from Cheniere through 2054, priced off Henry Hub plus a fixed fee. The deal follows Iran's March attack on Ras Laffan and the Hormuz blockage, which have collapsed Qatari LNG exports.

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Qatar, formerly the world's second-largest LNG exporter, is now buying from its main competitor because Ras Laffan damage and Hormuz disruption have collapsed its exports. The 30-year Cheniere contract is under 1% of global LNG trade but is among the largest single U.S. deals, and it suggests Doha expects Hormuz navigation risk to persist. Cheniere shares are up 26% and Venture Global up 40% since the war began, and analysts are broadly bullish. Venture Global is reportedly in advanced talks to supply a further 3 mtpa. The shift reinforces U.S. dominance in LNG and supports further U.S. liquefaction expansion.