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09.07.26 - 17:15
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Qatar Halts Push To Ramp Up LNG Production After Hormuz Tanker Strikes (ZeroHedge)
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Qatar Halts Push To Ramp Up LNG Production After Hormuz Tanker Strikes
Less than a month after Reuters reported that QatarEnergy was ready to resume LNG production at its Ras Laffan LNG plant "very quickly" and expected to reach within a month full output of facilities unaffected by Iranian strikes, this morning Bloomberg reports that Qatar is pausing efforts to rapidly revive production at the world's largest LNG facility, after an attack on one of its tankers in the Strait of Hormuz raised fears that transit through the crucial waterway is still too risky.
According to the report, QatarEnergy officials held a series of meetings following the attack on Tuesday, with CEO Saad Al-Kaabi deciding to cease plans to increase output at the Ras Laffan complex. Operations will be kept at a minimum for safety reasons and the number of vessels scheduled to dock at the plant in the coming days will be reduced/
The pause is one of the most high-profile fallouts to date of the heightene...
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