September 21, 2026 [Oil Price]- QatarEnergy CEO Saad al-Kaabi warned that the ongoing crisis in the Strait of Hormuz could delay Qatar’s LNG expansion plans, as critical equipment cannot reach the country. Following Iran’s missile strike on March 18, which damaged two LNG trains and cut 17% of Qatar’s export capacity, the affected trains are expected to remain offline for three to five years. Despite these setbacks, QatarEnergy aims to increase its LNG production capacity from 77 million tons to 142 million tons by 2030, requiring an $83 billion investment. Limited LNG tanker transits have resumed through Hormuz amid rising gas prices in Asia and Europe.

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