Wood Mackenzie estimates the bulk of 11 million b/d in curtailed production could return within weeks if the Strait of Hormuz reopens, though damage to two Ras Laffan trains will prevent Qatar from reaching full LNG capacity for several years
A U.S. official confirmed fresh strikes on the island Tuesday. Rystad Energy warns a direct hit on petroleum infrastructure could cut Iranian shipments by 80–90%, pushing Brent toward $135 within four months. Wood Mackenzie and Enverus flag further upside risk.
The latest Energy Transition Outlook from Wood Mackenzie warns that the energy transition will be slower than expected. In that scenario, natural gas — and LNG in particular — is consolidating its role as a pillar of global energy security.
