Gulf oil and gas exporters might seek to gain market share from Russia and act as a source of energy stability for Europe.
While the United States is increasing its export capacity of LNG to Europe, the real spare capacity producers in both LNG and oil will be in the Gulf. Three countries matter in this respect: Qatar for its gas production and the United Arab Emirates and Saudi Arabia for increased capacity in oil production. Other members of the OPEC+ agreement have been producing below their quotas. To increase production now is both a commercial and a political decision.