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Qatar Energy to Boost Gas Output Post-Hormuz Reopening
Qatar plans to resume liquefied natural gas production swiftly after the reopening of the Strait of Hormuz, aiming to restore most of its export capacity within two months. This follows a shutdown of facilities after an Iranian attack in March. Production rates are expected to reach around 50% within a month of ensuring safe passage, and 80% within two months, with full recovery of capacity expected to take several years. Qatar is one of the largest natural gas producers in the world, and the Iranian attack caused damage to the Ras Laffan facility, leading to the halt of shipments and impacting the supplier’s reputation. Qatar is aiming to quickly restore production to meet the global demand for liquefied natural gas.
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