QatarEnergy reportedly ready to restore LNG output within a month

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(Investing) – QatarEnergy is prepared to restart liquefied natural gas production at its Ras Laffan LNG plant and could reach full output at undamaged facilities within a month, according to a Reuters News report.Iranian strikes damaged two of Qatar’s 14 LNG trains and one of its two gas-to-liquids facilities, eliminating 17% of the country’s LNG export capacity. The group’s CEO said in March that repairs to the damaged facilities will take years to complete.Production at other facilities was halted due to the effective closure of the Strait of Hormuz, the region’s oil and LNG export gateway, during the Iran war. The report said that these undamaged facilities could be restored to operation quickly.A framework agreement between the U.S. and Iran established terms to end the war and reopen Hormuz. Since the conflict started in late February, slightly more than a dozen LNG tankers have successfully exited the strait.Shipping companies are waiting for safety confirmation before crossing the strait. The clearing of mines remains a concern and could delay the return to normal shipping traffic by several weeks.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.