Despite a recent deal with China, Qatar seems committed to its relationship with the U.S. and Europe
. Despite this, though, Qatar appears to be sticking largely to the informal understanding reached with the U.S. after Russia’s invasion of Ukraine in February 2022, which was to provide the West with vital new supplies of gas to substitute those lost from Russia. This is evidenced again in the very recent split of shares in Qatar’s cornerstone North Field East expansion project.
A deal of some size in Qatar’s NFE was always likely for a major Chinese company, given the significant ratcheting up of gas deals between the two countries in the lead up to, and in the early stages of, Russia’s invasion of Ukraine last year. In fact, from just over one year before the invasion, China had been engaged in a flurry of activity to expand its sources and methods of gas supply.
In the early aftermath of the Russian invasion, plans were quickly put into place by the U.S. to secure substitute sources of gas and oil for Europe as quickly as possible. The overriding objective of this strategy was to ensure that Europe – led by Germany – did not backslide in its support for sanctions against Russia being championed by the U.S, and the U.K. Germany had for decades been a major buyer of plentiful, cheap, Russian gas, which had powered its economic growth.
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