Qatar Prepares LNG Export Restart as Strait of Hormuz Reopening Nears

In a move reflecting a potential easing of the global energy crunch, QatarEnergy has informed customers it can restore 50% of its production capacity within one month of the Strait of Hormuz reopening. Production is expected to reach 80% within two months, though a full 100% recovery could take years due to structural damage to liquefaction trains. The shutdown of the Ras Laffan complex, which accounts for 20% of global supply, previously triggered a 40-50% spike in European gas prices.

This development arrives as geopolitical tensions have caused widespread disruptions in energy supply chains. According to market data, the return of Qatari LNG is expected to exert downward pressure on prices that recently hit record highs, especially when compared to the volatility seen in Henry Hub natural gas benchmarks. Energy analysts suggest that the preliminary U.S.-Iran peace deal is the primary catalyst for this reopening, offering hope for stability in European and Asian markets heavily reliant on Qatari volumes.

Traders should closely monitor the operational status of the Strait of Hormuz to ensure safe tanker passage, as supply risks remain until exports physically resume. Looking ahead, the market awaits the OPEC Monthly Report on June 11, 2026, which may provide further clarity on global energy supply-demand balances. Additionally, upcoming weekly petroleum and gas inventory data will be crucial in determining the short-term trajectory of global energy prices.