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30.03.26 - 05:42
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LNG Crisis From Bad To Worse As Storm Damage Adds Weeks To Restart Of Chevron Wheatstone Plant (ZeroHedge)
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LNG Crisis From Bad To Worse As Storm Damage Adds Weeks To Restart Of Chevron Wheatstone Plant
The perfect storm surrounding the global LNG supply chain, which hit a brick wall two weeks ago when Iranian attacks shuttered 17% of Qatar's LNG output following devastating strikes on the Ras Laffan plant, the largest in the world, just went from metaphorical to literal after storm damage to Chevron's Wheatstone gas plant in Western Australia is hampering efforts to restart operations and the facility won't be back online fully for weeks, adding even more turmoil to the global LNG market.
Wheatstone gas plant, Australia
As Reuters reports, tropical Cyclone Narelle was estimated to have disrupted Australian LNG facilities along the northern and western coasts, and disrupted supply equating to more than 30 million metric tons per year. Combined with the shock from conflict in the Middle East, more than a quarter of global LNG supply has been disrupted, MST Marquee analyst Saul Kavonic sa...
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