Qatar’s economy has been built on the back of its LNG sector, but as the Middle East conflict enters its sixth month, many of its facilities have been idled. The effective closure of the Strait of Hormuz to most shipping has trapped around 20% of the world’s LNG capacity on the wrong side of the chokepoint, with Qatar shutting down most of its 77mn t/y Ras Laffan facilities.
Some Qatari cargoes continue to be shipped, primarily within the Gulf to Kuwait as QatarEnergy has been less aggressive in shipping clandestine cargoes through the strait than Adnoc has been from its 6mn t/y Das facility. (CONTINUED - 1896 WORDS)
