QatarEnergy buys 33 US LNG cargoes to offset Hormuz disruption, sources say
VG•Cargoes worth around $1 billion, most already delivered
The 33 cargoes amount to a third of a month's exports from QE before the conflict and were worth around $1 billion, according to Reuters calculations.
About 80% of Qatar's LNG shipments are typically exported to buyers in Asia and the move was "a gesture of good faith" by QE towards some of its important customers, one source said.
QE wanted to show customers it valued them and was trying to help keep them supplied, another added.
QE bought the cargoes directly from U.S. producer Venture Global LNG as well as picking up cargoes from some of Venture Global's customers, the sources said.
Venture Global declined to comment.
Out of the 33 cargoes, 28 have already been delivered and the remaining five are en route to South Korea, Taiwan and India, according to data analytics firm Kpler.
