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    <title>Natural Gas on Hormuz.net</title>
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      <title>Europe&#39;s New Hormuz Problem: How the Russia Break Created Gulf Gas Dependence</title>
      <link>https://hormuz.net/europes-new-hormuz-problem-how-the-russia-break-created-gulf-gas-dependence/</link>
      <pubDate>Sun, 26 Apr 2026 00:00:00 +0000</pubDate>
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      <description>&lt;p&gt;Before February 2022, European energy security analysis treated the Persian Gulf as a significant but secondary concern. The primary vulnerabilities ran through Ukrainian pipeline corridors and Russian supply decisions. Hormuz was a risk to Asian energy markets, to oil prices globally, and to a residual flow of LNG from Qatar to a handful of European regasification terminals that had been built for flexibility rather than baseload supply. The invasion of Ukraine changed this with a speed that European energy planners had not fully modeled. By the end of 2022, Europe was competing in global LNG markets for volumes that included substantial Qatari supply, and its exposure to events in the Persian Gulf had become structurally different from anything its policy frameworks had anticipated.&lt;/p&gt;</description>
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      <title>The North Field: Qatar&#39;s Gas and the LNG Dimension of Hormuz</title>
      <link>https://hormuz.net/the-north-field-qatars-gas-and-the-lng-dimension-of-hormuz/</link>
      <pubDate>Sun, 26 Apr 2026 00:00:00 +0000</pubDate>
      <guid>https://hormuz.net/the-north-field-qatars-gas-and-the-lng-dimension-of-hormuz/</guid>
      <description>&lt;p&gt;Beneath the shallow waters of the Gulf, shared between Qatar and Iran, lies the North Field — the largest single natural gas reservoir on earth. The Qatari portion is developed. The Iranian portion, called South Pars, is partially developed and severely constrained by sanctions and investment restrictions. What happens to the gas that Qatar extracts from its side of the reservoir determines energy supply conditions for electricity consumers in Japan, industrial gas buyers in South Korea, and power generators across Europe. All of it moves through Hormuz.&lt;/p&gt;</description>
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