EPISODE · Mar 2, 2026 · 10 MIN
On My Mind: Episode 51 – March 2 2026
from On My Mind: LNG and Gas Industry Musings by Vivek Chandra · host Vivek Chandra
The unimaginable has now happened – a conflict in the Gulfhas targeted energy targets with a potential to impact global energy markets. This episode, recorded during my travels in Singapore,examines the implications of unprecedented attacks on ports and shipping vessels, which may fundamentally alter international perceptions of regional energy supply reliability.While a short-term increase in oil prices is expected, thelonger-term consequences are complex. Buyers with diversified sources—particularly those procuring from outside Qatar and the UAE—are better positioned to navigate this crisis. Europe, which now relies largely on US supplies, appears resilient. In contrast, Asia—including South Asia, Japan, Korea, Taiwan, and China—faces greater challenges should the conflict extend beyond several weeks. Closure of shipping lanes will lead to higher costs for all energy, even if alternate sources are identified. The reputation of Qatar and the UAE as dependable suppliers may be undermined if vessel deliveries are disrupted and Force Majeure is declared.Among major LNG supply regions, the United States—and, to a lesser extent, Canada—emerge as strong candidates for future incremental supply. Australia’s ability to expand exports is limited, compounded by unfavorable public opinion and minimal industry taxation. Russia remainsconstrained by sanctions, and tightening European restrictions may further curtail production. Historically, Qatar and the UAE have been regarded as reliable but inflexible suppliers; however, continued conflict involving Irancould jeopardize this status. The US, with suppliers operating independently of government controls and pricing based on domestic gas rates, stands to benefit from any decline in confidence toward Gulf producers. Note to potentialinvestors in Gulfstream LNG:
What this episode covers
The unimaginable has now happened – a conflict in the Gulfhas targeted energy targets with a potential to impact global energy markets. This episode, recorded during my travels in Singapore,examines the implications of unprecedented attacks on ports and shipping vessels, which may fundamentally alter international perceptions of regional energy supply reliability.While a short-term increase in oil prices is expected, thelonger-term consequences are complex. Buyers with diversified sources—particularly those procuring from outside Qatar and the UAE—are better positioned to navigate this crisis. Europe, which now relies largely on US supplies, appears resilient. In contrast, Asia—including South Asia, Japan, Korea, Taiwan, and China—faces greater challenges should the conflict extend beyond several weeks. Closure of shipping lanes will lead to higher costs for all energy, even if alternate sources are identified. The reputation of Qatar and the UAE as dependable suppliers may be undermined if vessel deliveries are disrupted and Force Majeure is declared.Among major LNG supply regions, the United States—and, to a lesser extent, Canada—emerge as strong candidates for future incremental supply. Australia’s ability to expand exports is limited, compounded by unfavorable public opinion and minimal industry taxation. Russia remainsconstrained by sanctions, and tightening European restrictions may further curtail production. Historically, Qatar and the UAE have been regarded as reliable but inflexible suppliers; however, continued conflict involving Irancould jeopardize this status. The US, with suppliers operating independently of government controls and pricing based on domestic gas rates, stands to benefit from any decline in confidence toward Gulf producers. Note to potentialinvestors in Gulfstream LNG:
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On My Mind: Episode 51 – March 2 2026
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