Buy BTU by Jun 21, 2026.

**The Basics** We are all aware Qatar now has a structural 17% hit on LNG exports, primarily with destination being SE Asia & Europe. As a result the regional European & Asian LNG spot prices have soared and many countries are actively shifting policies to allow thermal coal usage. With Europe being stricter on green energy, LNG substitution is more profound in SE Asia, as many media outlets and analysts are reporting. Here's a basic rundown on my current position …