After the ceasefire, Qatar quickly started to restore the world's largest LNG production capacity.

According to informed sources, with a temporary ceasefire agreement reached in the Middle East conflict, Qatar is mobilizing engineers and workers with the goal of restoring production at the world's largest liquefied natural gas export facility. The sources said that the improved security situation has allowed limited operations to begin, with necessary maintenance being carried out at the facility before planned restart. Some production lines are expected to resume production in the coming days, but the speed of capacity ramp-up remains uncertain. To achieve large-scale production recovery, it is still necessary to ensure that vessels can safely pass through the Strait of Hormuz. Since early March, the Ras Laffan plant has been idle, causing a global tightness in natural gas supply. Despite the damage caused by a missile attack last month, which resulted in a 17% loss of annual export capacity for Qatar and potential repairs lasting up to five years, restarting other parts of this large facility will be an important milestone. The plant has a total capacity of producing 77 million tons of liquefied natural gas per year. Qatargas did not immediately respond to requests for comment. In response to this news, European natural gas prices continued to decline, falling nearly 20% to around 43 euros per megawatt-hour at one point before recovering some lost ground. Earlier this week, two tankers carrying Qatari natural gas abandoned their attempts to pass through the Strait of Hormuz after not receiving permission from Iranian officials. Although the US and Iran have reached an agreement on a ceasefire to reopen the Strait of Hormuz, details remain unclear and the positions stated by both countries are not entirely consistent. Tehran has stated that it has agreed to a two-week safe passage within "technical constraints" while coordinating with armed forces, while US President Trump declared it would be "completely, immediately, and safely opened" the strait.