Qatar’s LNG export destinations are undergoing a noticeable shift in 2019, reversing the dominant trend of recent years. Volumes to Qatar’s largest Asian buyers have shrunk considerably (see p7 & p9). But, rather than signaling production declines, this is the result of rising shipments to smaller Asian economies and the return of Europe.

Qatar has been increasingly dependent on Asian markets in recent years. Asia accounted for nearly 75% of the 76.8mn tons of Qatari LNG...