According to OAPEC’s quarterly report, Arab liquefied natural gas exports fell by nearly 24% to 22 million tonnes in the first quarter of 2026 from 29 million tonnes in the same period of 2025, following Iranian missile strikes on Qatar’s Ras Laffan facilities in March and the closure of the Strait of Hormuz.
Qatar, the world’s third-largest proven gas reserve holder, saw its LNG exports decline by more than a third to 14.5 million tonnes from 22 million tonnes year-over-year. The UAE’s exports also plunged by approximately 39% to around 1 million tonnes from 1.6 million tonnes. The decline pushed Arab states’ share of global LNG trade below 20 percent for the first time in many years.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump Discusses Plans to Extend Iran Sanctions for Months, White House Officials Say
According to White House officials, on April 29, President Trump discussed plans to extend Iran sanctions for months if necessary with oil companies.
GateNews18m ago
UAE Oil Inventories Hit Record Low at 6.982M Barrels on April 29; Brent Crude Surges to $115
According to S&P Global, oil inventories at the United Arab Emirates' Fujairah storage hub collapsed to 6.982 million barrels on April 29, marking a 6.3% week-on-week decline and the fourth consecutive record low since the Iran-Israel conflict escalated. The storage center has plummeted
GateNews36m ago
Brent trades above 114, WTI +3.3%: Trump plans to expand the blockade of Iranian ports
On 4/29, oil prices continued to rise, with Brent breaking through $114 and WTI reaching $103.18. The main reason is that the Trump administration is seen as planning to expand the blockade of Iranian ports and to crack down on exports; since 2/28, WTI has risen by more than 49%. If a port blockade were to become reality, global supply is unlikely to improve in the short term; next, the outlook depends on U.S. announcements, Iran’s response, and whether Brent will break above 120 again.
ChainNewsAbmedia43m ago
Spot Silver Hits $72 Per Ounce, Lowest Since April 7, Down 1.53% in 24 Hours
According to Gate data, spot silver touched $72 per ounce on April 29, marking its lowest level since April 7, with a daily decline of 1.53%. The U.S. Dollar Index (DXY) rose to an intraday high of 98.77.
GateNews48m ago
Stable Sea Integrates WisdomTree Tokenized Money Market Fund WTGXX at 3.5% Yield
According to The Block, stablecoin management platform Stable Sea has partnered with asset manager WisdomTree to integrate the tokenized money market fund WTGXX directly into its enterprise payment and treasury management platform. Stable Sea users can now convert idle stablecoin balances into WTGXX
GateNews1h ago
