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Qatar LNG Output to Return Within Weeks, Easing Global Supply Crunch

Bloomberg Markets •
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Qatar will restore most LNG production within weeks after March attacks disrupted output, Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani told the Financial Times. The world's largest exporter operates facilities in Ras Laffan that were damaged when Iranian attacks shut the Strait of Hormuz, taking two production trains offline accounting for 20% of capacity.

The return of Qatari LNG eases a global supply crunch that has kept European and Asian prices above pre-war levels. Qatar Energy has mobilized teams and prepares for restart once the strait normalizes. The emirate has been exporting limited shipments by masking tanker locations, but volumes remain far below normal.

This production boost arrives as US-Iran peace talks progress. Qatar's restoration signals improving regional stability and could pressure gas markets toward pre-conflict pricing. The timing matters for European buyers still compensating for supply disruptions.