Market brief · Economy & rates

Hormuz Blockage Puts Qatar's $83 Billion LNG Bet at Risk

QatarEnergy CEO and Qatar Energy Minister Saad al-Kaabi says the Strait of Hormuz crisis could delay the company's LNG expansion because critical equipment cannot reach Qatar, Reuters reported on Monday. North Field East's first production train remains on schedule for the first half of 2027, Al-Kaabi said, but additional trains are contingent on Hormuz traffic resuming and North Field South beginning production on schedule in 2028. Iran's March 18 missile strike on Ras Laffan Industrial City knocked out two of Qatar's 14 LNG trains, removing 17%…