Qatar is planning to rapidly boost liquefied natural gas production once the Strait of Hormuz reopens, aiming to restore most of its export capacity within two months, according to people familiar with the matter.
QatarEnergy, which operates the country¡¯s LNG facility, has told buyers it expects to raise output to about 50% of capacity a month after safe passage is restored, and to roughly 80% within two months, said the people, who asked not to be named as they aren¡¯t authorized to speak to the media.
The remaining capacity ¡ª equivalent to two production trains ¡ª will take years to fully restore following damage by Iranian missile strikes in March, they said.
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