๐จGazprom 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:
1๏ธโฃ Gazprom ๐ท๐บ 405 BCM/year lost Europe, needs China
2๏ธโฃ The National Iranian Oil Company (NIOC)- Iranian Fuel Conservation Company ๐ฎ๐ท 265 BCM/year at war, Hormuz closed
3๏ธโฃ QatarEnergy ๐ถ๐ฆ 175 BCM/year Ras Laffan damaged, 3โ5 year repair
4๏ธโฃ PetroChina International ๐จ๐ณ 152 BCM/year domestic focus
5๏ธโฃ Saudi aramco ๐ธ๐ฆ 118 BCM/year rerouting via Red Sea
6๏ธโฃ Chevron ๐บ๐ธ 88 BCM/year
7๏ธโฃ ExxonMobil ๐บ๐ธ 87 BCM/year
8๏ธโฃ NOVATEK ๐ท๐บ 84.6 BCM/year sanctioned, Arctic LNG frozen
9๏ธโฃ TotalEnergies ๐ซ๐ท 56 BCM/year
๐ Shell ๐ฌ๐ง 48 BCM/year
Who fills the gap?
๐ช๐บEurope'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. ๐ข๏ธ
Full analysis including the specific names and numbers behind this structural shift in the comments below. ๐