QatarEnergy Purchases Long-Term LNG Supplies In Case of Future Hormuz Disruptions
QatarEnergy is buying long-term supplies of liquefied natural gas from the US and other producers as part of a trading strategy designed to generate revenue if exports through the Strait of Hormuz are disrupted in the future, CEO Saad Sherida Al-Kaabi told Reuters on Thursday."In a scenario where you have a closure of the strait, which is the true contingency that we're looking to have, you'd immediately see a spike in gas price and you'll be able to generate revenue for QatarEnergy that otherwise wouldn't be generated…
MARAD Approves Deepwater Port License for $8.2b LNG Project
The Maritime Administration has approved a deepwater port license application for the $8.2 billion ST LNG project, US Transportation Secretary Sean Duffy said on Wednesday.The project could further expand US liquefied natural gas export capacity. President Donald Trump's administration has promised to ease permitting in a bid to speed up energy infrastructure development.The ST LNG deepwater port, set to be built about 10.4 miles (16.7 km) offshore Matagorda, Texas, will include four 2.1 million tonnes per annum liquefaction plants for a combined production capacity of 8.4 mtpa…
Operations for QatarEnergy LNG Expansion Project to Begin in November
The first liquefied natural gas train under QatarEnergy's North Field East expansion project will be ready to start operation in November, two people aware of the company's plans said, offering Qatar a path to restoring some output lost to Iranian attacks.Launching the train would be a major milestone for the world's largest LNG expansion project at a time when Qatar is still recovering from the damage caused by attacks on Ras Laffan, which wiped out 17% of the country's LNG capacity.LNG production from the train is expected to start in the first quarter of 2027, the people said.QatarEnergy did not immediately respond to Reuters' request for comme
Qatar Extends LNG Force Majeure to Edison, Some Asian Clients
QatarEnergy has extended force majeure notices and will not be able to deliver liquefied natural gas cargoes to Italian utility Edison or some Asian clients as the Strait of Hormuz remains closed, Edison and trading sources said on Monday.Edison, one of the company's biggest customers in Europe, will not receive LNG cargoes until the beginning of December, the Italian group said on Monday, in the latest extension under a force majeure notification first issued in April following disruptions caused by the US-Iran war.Clients in Asia, including in Bangladesh and Pakistan, were also informed that force majeure notices had been extended until November