QatarEnergy warns Hormuz crisis may delay LNG expansion projects

QatarEnergy CEO Saad al-Kaabi stated that the Strait of Hormuz crisis is delaying delivery of critical equipment, potentially pushing back the North Field East and South LNG expansion projects scheduled for 2027-2028. The company is currently producing only a 'very minute' volume of LNG, indicating significant operational disruption. This signals potential tightening of global LNG supply in the medium term, with implications for energy prices and supply security.