#GAS 🚨Gazprom is the world's largest gas producer at 405 BCM/year.
2nd is Iran at war and sanctioned.
3rd is Qatar partially offline for years.
The top producers are simultaneously disrupted, sanctioned or both.
The world's top 10 natural gas producers:
1️⃣ Gazprom 🇷🇺 405 BCM/year lost Europe, needs China
2️⃣ The National Iranian Oil Company (NIOC)- Iranian Fuel Conservation Company 🇮🇷 265 BCM/year at war, Hormuz closed
3️⃣ QatarEnergy 🇶🇦 175 BCM/year Ras Laffan damaged, 3–5 year repair
4️⃣ PetroChina International 🇨🇳 152 BCM/year domestic focus
5️⃣ Saudi aramco 🇸🇦 118 BCM/year rerouting via Red Sea
6️⃣ Chevron 🇺🇸 88 BCM/year
7️⃣ ExxonMobil 🇺🇸 87 BCM/year
8️⃣ NOVATEK 🇷🇺 84.6 BCM/year sanctioned, Arctic LNG frozen
9️⃣ TotalEnergies 🇫🇷 56 BCM/year
🔟 Shell 🇬🇧 48 BCM/year
Who fills the gap?
🇪🇺Europe's problem and America's answer:
Europe needs gas.
Norwegian pipelines are running flat out.
The molecules have to come from somewhere.
Increasingly, they come from the US Gulf Coast Cheniere Energy, Inc., Venture Global LNG, Delfin Midstream FLNG.
The war didn't just disrupt supply....It permanently redirected it. 🛢️