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الاقتصادية
QatarEnergy Cautions on Hormuz Crisis Delays
The CEO of QatarEnergy, Saad Al-Kaabi, stated that the Hormuz Strait crisis could lead to delays in some of the company's expansion projects because certain vital equipment cannot pass through the straits, threatening the continuity of the expansion operations. Currently, a very small amount of liquefied natural gas is being produced, even though Qatar is self-sufficient in fuels used for aviation, gasoline, diesel, and electricity. The start-up of the first unit of the North East Field expansion is expected in the first half of next year, with the possibility of other units becoming operational within the same year. However, the ongoing crisis may cause delays in implementing some projects, some of which are scheduled to begin between 2027 and 2028. The company emphasizes that its operations could return to normal within two weeks once the crisis ends, ruling out impacts of up to 17% of production stopped due to Iranian strikes on Ras Laffan in March.
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