Qatar is cementing its position as a leader in the liquid natural gas industry.

Market Overview

Year To Date Performances:

1. Qatar is cementing its status as a major exporter of liquid natural gas (LNG) by signing a significant supply agreement with China. This 27-year deal, the second of its kind in less than a year, entails the China National Petroleum Corporation (CNPC) purchasing 4 million tonnes of LNG annually from Qatar. The agreement also sees CNPC securing a 5% equity stake in one of Qatar's LNG trains. On top of this, Qatar is on the verge of finalizing long-term supply contracts with multiple European nations.

2. Adobe's proposed acquisition of Figma, worth $20 billion, has come under the scrutiny of the European Union's antitrust regulators. The investigation aims to explore any potential adverse effects on competition within the sector due to this considerable merger. This comes as the EU is currently accusing Google of anti-trust violations in regard to its advertising business.

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4. Headlines

   1. In a move to potentially simplify EV charging infrastructure, Hyundai is considering the adoption of Tesla's North American Charging Standard for its electric vehicle fleet.

   2. US Secretary of State Anthony Blinken visited China in what could be a precursor to a meeting between Xi and Biden later this year.

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