Qatar looks to profit from Europe gas fears over Ukraine

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will loom large when Qatar's emir meets the US president on Monday but the powerful Gulf ruler has no"magic wand", analysts say.

will loom large when Qatar's emir meets the US president on Monday but the powerful Gulf ruler has no"magic wand", analysts say.

Gas supplies are one of the key areas that Europe fears could be cut if Russia decides to take military action in Ukraine. The Gulf state has"maxed out" supplying existing customers, Energy Minister Saad al-Kaabi said in October when gas shortages were already starting to bite in Europe."Qatar has no magic wand to fix shortfalls in European gas," said Bill Farren-Price, director of intelligence for the Enverus energy consultancy.

And European consumers - already facing record gas bills - would have to pay an even higher cost."Price wise it could be quite challenging," he predicted. Krieg said Europe could become a prime target for any gesture made by Qatar, which has been infuriated by an EU anti-trust investigation into its gas sales set up in 2018.

 

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