Zelenskyy says Ukraine, U.S. and Russia could meet at G20 summit
Ukrainian President Volodymyr Zelenskyy said on Saturday that a potential meeting between Ukraine, the United States and Russia could take place du...
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.
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