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LNG Buyers from Qatar, UAE Press for Lower Prices Amid Strait of Hormuz Risk

2026-07-23 07:16:16

According to industry sources on July 23, LNG buyers from Qatar and the United Arab Emirates sought lower prices and stronger supply guarantees from suppliers, citing risks in the Strait of Hormuz. Long-term LNG contract prices in the region had typically been set at 12.6%-12.7% of Brent crude oil prices before the Iran conflict escalation, but recently signed contracts have dropped to around 12.3%, reflecting buyers' increased risk premium.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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