Qatar, the largest LNG exporter in the world, is embroiled in a diplomatic row with Saudi Arabia, UAE, Bahrain and Egypt. Qatar packs a very large punch in the LNG market accounting for almost 30% of LNG supply in 2016. Of the protagonists the UAE and Egypt import LNG from Qatar, although together they only accounted for 6.5% of Qatari LNG exports in 2016. So far there is no evidence that there have been any issues with Qatari LNG production. There is little sign of panic in the market with LNG prices and freight rates seeing little or no change. We have analysed some of the concerns about the situation raised in LNG circles including: • Egypt and UAE’s LNG imports; • access to the Suez Canal; • passage through the Strait of Hormuz; • bunkering operation in Fujairah; and • the impact of disruptions to the wider supply chain to the operation of the LNG plants at Ras Laffan.