Petronet LNG rises 1.40% as Qatar targets swift LNG output ramp-up after Strait of Hormuz reopening

QatarEnergy has told buyers it expects LNG output to recover to about 50% of capacity within one month of safe passage through the Strait of Hormuz being restored, and to roughly 80% within two months, according to Bloomberg. The remaining capacity—equivalent to two production trains damaged during Iranian missile strikes in March—could take years to fully recover. Ras Laffan, the world’s largest LNG export facility and nearly one-fifth of last year’s global LNG supply, has remained largely idle for more than three months. LNG prices in Europe and Asia are still above pre-conflict levels.