The EU is determined to wean itself off Russian gas, and its current replacement plan involves building new LNG terminals and importing gas from elsewhere. This replacement plan has one major flaw, the LNG market is currently a seller’s market and importers will have to commit to long-term contracts. Germany’s struggle to negotiate deliveries of LNG with Qatar is just one example of this problem, and the EU will have to alter its priorities in order to secure the gas. Germany has been negotiating deliveries of liquefied natural gas with Qatar as part of plans to wean itself off Russian gas, on which it is heavily dependent. The negotiations, reportedly, ran into a wall this week. And this wall may be what’s standing in the way of other EU gas […]