Qatar Energy CEO Saad Sherida Al-Qaabi said that the company is procuring long-term liquefied natural gas supplies from the US and other producers as part of a trading strategy to ensure that future exports to the Strait of Hormuz can still generate revenue if exports to the Strait of Hormuz are blocked. “If the strait is closed — this is the real emergency situation we envision — gas prices will immediately soar, and Qatar Energy will receive revenue that could not have been obtained as a result,” Kaby, who is also Minister of State for Energy Affairs, said of the plan. Kaby's remarks revealed for the first time how Qatar, one of the world's largest producers of liquefied natural gas, plans to make up for lost revenue due to the Iran war and prevent the impact on revenue caused by possible future supply disruptions in the Strait of Hormuz.

Qatar Energy CEO Saad Sherida Al-Qaabi said that the company is procuring long-term liquefied natural gas supplies from the US and other producers as part of a trading strategy to ensure that future exports to the Strait of Hormuz can still generate revenue if exports to the Strait of Hormuz are blocked. “If the strait is closed — this is the real emergency situation we envision — gas prices will immediately soar, and Qatar Energy will receive revenue that could not have been obtained as a result,” Kaby, who is also Minister of State for Energy Affairs, said of the plan. Kaby's remarks revealed for the first time how Qatar, one of the world's largest producers of liquefied natural gas, plans to make up for lost revenue due to the Iran war and prevent the impact on revenue caused by possible future supply disruptions in the Strait of Hormuz.