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Sun, Oct

ConocoPhillips shrugs off Qatari LNG delays as a matter of months

ConocoPhillips shrugs off Qatari LNG delays as a matter of months

World Maritime
ConocoPhillips shrugs off Qatari LNG delays as a matter of months

Planned maintenance at Ras Laffan was completed during the second quarter and a ramp-up in production is expected in the third quarter, the executive added.

The US-Iran war has forced QatarEnergy, one of the world's biggest LNG exporters, to shut liquefaction trains, declare force majeure on deliveries and suspend exports.

Qatar accounts for about a fifth of global LNG trade, and a prolonged outage would tighten supplies and raise prices for key buyers.

(Reporting by Pooja Menon in Bengaluru and Arathy Somasekhar in Houston; Editing by Shinjini Ganguli and Joyjeet Das)

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