🔻Qatar, which was once one of the world’s largest exporters of liquefied natural gas, has signed a 20-year contract to import gas from the United States.

Since the war between the United States and Israel with Iran and the limited passage through the Strait of Hormuz, gas production in Qatar has fallen significantly.

With the signing of this agreement, the state-owned company “QatarEnergy” will purchase three million tons of natural gas per year from a gas production company in the U.S. state of Louisiana; deliveries of LNG cargoes will begin in 2030.

Analysts say the long-term nature of this agreement indicates that Qatar believes the crisis in the Strait of Hormuz will not be resolved in the near future.

📸AFP via Getty Images