Unbiased AI-powered news
Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said production will return to normal in a few weeks except at the damaged Ras Laffan facility. Qatar declared force majeure after Iranian missile strikes in March.
thehindu.comQatar's prime minister said liquefied natural gas production will return to normal within a few weeks except at the damaged facility. Sheikh Mohammed bin Abdulrahman al-Thani told the Financial Times on June 24 that QatarEnergy teams have been mobilized for several weeks to restore operations.
He added that the company is preparing to resume normal output once navigation through the Strait of Hormuz normalizes.
Qatar declared force majeure on LNG shipments after Iranian missiles struck an LNG facility at Ras Laffan in mid-March. QatarEnergy had already curtailed output in early March. Last week the company informed customers it could restore about 50 percent of capacity within one month after safe navigation resumes.
Unnamed sources told Bloomberg that 80 percent capacity could return within two months under the same condition. Qatari-linked LNG carriers were reported earlier this week heading to the Persian Gulf to load cargo. Al-Thani called for a hotline between Washington and Tehran to verify threats to tanker traffic and coordinate mine-clearing.
He said false threats impersonating Iran's Revolutionary Guards have been issued through shipping communication systems.
japantimes.co.jpThe Chinese e-commerce company filed suit after the Defense Department placed it on the 1260H list alongside Baidu, BYD and Nio. Alibaba says the designation lacks factual or legal basis and blocks it from U.S. defense-related business.
Financial TimesKNDS said Wednesday it will list shares in Paris and Frankfurt. Current shareholders plan to sell up to 20 percent of existing share capital directly to institutional investors.
upi.comThe House approved legislation Tuesday that reduces federal rules, speeds environmental reviews, and limits corporate purchases of single-family homes. The Senate passed the measure Monday, and it now goes to President Donald Trump for expected signature Wednesday.