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QatarEnergy says Hormuz crisis may delay some expansion projects
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QatarEnergy says Hormuz crisis may delay some expansion projects
The crisis over the Strait of Hormuz could delay some QatarEnergy expansion projects, as critical equipment is unable to reach Qatar, CEO Saad al-Kaabi said Sunday, adding that the company is currently producing only a "very minute" volume of liquefied natural gas.
Qatari LNG volumes are so large that QatarEnergy will be difficult for buyers to ignore once the Hormuz crisis ends, he said at the Qatar Economic Forum in New York.
Some LNG trains under QatarEnergy's North Field East (NFE) expansion are due to start up in 2027, with the North Field South (NFS) expansion set to begin production in 2028, Kaabi added.
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Source: Middle East Eye