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Market Chatter: Qatar LNG Activity Strengthens as Producer Readies for Hormuz Shift

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Qatar's LNG loadings have reached their strongest pace since March, averaging about 80,000 tons over 10 days, though volumes trail last year by 60%, as the producer prepares for a potential Strait of Hormuz reopening, Bloomberg reported Tuesday, citing ship-tracking data.

Seven of Qatar's 14 LNG trains showed thermal activity Aug. 8, pointing to possible output from some units, while damage to two trains in March could keep them offline for an extended period, the report added.

Qatar has curtailed LNG shipments through Hormuz amid regional fighting and tanker attacks, but continues some production through Kuwait deliveries and Gulf tanker loading. Six empty carriers remain near Ras Laffan, versus nine carrying Qatari LNG.

Qatar Energy did not immediately reply to' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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