LNG buyers and sellers seek greater supply diversity amid Iran war

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LNG buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking alternatives for the fuel from other suppliers ranging from West Africa to Indonesia, Reuters reports.

While Asian governments look to lock in LNG from sellers with access to various sources, producers and trading firms want to widen supply pools by taking stakes in gas projects and buying from different countries, officials and industry executives said during last week’s Gastech conference.

“A lot of governments are thinking not just diversification of the suppliers, but diversification of supply routes,” Sue-Ern Tan, the head of the International Energy Agency’s regional cooperation centre in Singapore, said at Gastech.

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