live Trump says Iran ceasefire deal is 'over', refuses further talks with Tehran
U.S. President Donald Trump said on Wednesday that the memorandum of understanding signed with Iran to end the conflict was "over", adding he did not ...
QatarEnergy is prepared to rapidly restore liquefied natural gas (LNG) production at its Ras Laffan complex once shipping routes through the Strait of Hormuz return to normal, according to a source familiar with the matter.
The source told Reuters that output from facilities unaffected by Iranian strikes could return to full capacity within a month. However, the main obstacle is not production itself but the ability to move cargo through the Strait of Hormuz.
"The problem will be how fast can we bring ships in and how fast we can load them after the strait opens," the source said. "It's more of a shipping and logistics problem than production."
Iranian attacks earlier this year damaged two of Qatar's 14 LNG production trains and one of its two gas-to-liquids (GTL) facilities. According to QatarEnergy's chief executive, the damage removed around 17% of the country's LNG export capacity and could take years to fully repair.
As a result, some production facilities have remained idle throughout the conflict.
Although the U.S. and Iran have reached a framework agreement aimed at ending the war and reopening the Strait of Hormuz, shipping activity remains limited.
Only a small number of LNG tankers have successfully exited the waterway since fighting began in late February. Shipping companies are still seeking assurances that the route is safe before resuming normal operations.
Industry participants remain particularly concerned about the clearance of naval mines and other security risks that emerged during the conflict.
The Strait of Hormuz is one of the world's most important energy chokepoints, handling a significant share of global LNG and oil exports. Any prolonged disruption to traffic through the passage could continue to affect energy markets and maintain upward pressure on global gas prices.
While Qatar appears capable of restoring much of its LNG production relatively quickly, a full recovery in exports will depend on how quickly shipping traffic can safely return to normal.
The U.S. says it has launched strikes on Iran after alleged attacks on three commercial vessels in the Strait of Hormuz. Washington described the action as a response to threats against civilian shipping and a breach of the ceasefire.
U.S. President Donald Trump said on Wednesday that the memorandum of understanding signed with Iran to end the conflict was "over", adding he did not want to engage with Tehran, calling the Iranian leadership "sick people".
NATO leaders are unveiling multi-billion-dollar arms deals in Ankara as President Donald Trump joins the summit, highlighting Europe's increased defence spending amid tensions over Russia and Iran, and following years of U.S. criticism of the alliance.
Massive crowds are gathering in the streets of Tehran on Monday for the funeral procession of Iran's slain former supreme leader, Ali Khamenei, as part of a week-long farewell. His son and designated successor, Mojtaba Khamenei, has yet to make a public appearance.
Mark Rutte, Secretary General of NATO, has described fresh U.S. strikes on Iran as "absolutely necessary," in remarks at the start of the second day of the alliance's sumit in the Turkish capital Ankara.
Pakistan is tightening enforcement of its Illegal Foreigners' Repatriation Plan ahead of a July 10 deadline, after which Afghan nationals living in the country without valid visas face immediate arrest under an Interior Ministry directive.
Kazakhstan's Constitutional Court ruled that President Kassym-Jomart Tokayev is eligible to seek a new presidential term under the country's newly adopted constitution. It's after a referendum on the constitution in March reset presidential term limits - a move that could extend his time in power.
Pakistan's military on Monday linked cross-border militancy, hybrid threats and water security during the 276th Corps Commanders' Conference, reaffirming continued intelligence-based counterterrorism operations and support for the government's position on the Indus Waters Treaty (IWT).
Ramzan Kadyrov has been left off the ruling United Russia party's election list for Chechnya for the first time since 2007, fuelling fresh speculation about his political future and succession plans.
Afghanistan's disaster authority says it and the International Committee of the Red Cross (ICRC) are seeking to expand cooperation on emergency response as the country continues to face floods, earthquakes, drought and the long-term threat from mines and unexploded ordnance.
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