Chiyoda weighs Qatar LNG return as Hormuz truce begins

Chiyoda is weighing a restart at Qatar's LNG expansion project as a Hormuz ceasefire offers the first operational breathing room in weeks.

Japan's Chiyoda is considering a return to construction work on Qatar's giant LNG expansion project after a two-week ceasefire eased immediate risks around the Strait of Hormuz. The move is an early sign that engineering groups and buyers are testing whether the truce can support a partial restart in Gulf gas logistics after weeks of disruption to tanker traffic and export scheduling.

For LNG markets, the key question is whether calmer conditions around Hormuz can hold long enough to restore vessel rotations, crew confidence and project activity. TankerMap data shows the platform is tracking 904 LNG carriers and 155 energy ports globally, including 39 LNG export terminals and 53 import terminals. Live tracking also shows LNG carrier TENERGY LNG underway in the central Mediterranean early Wednesday, a reminder that Atlantic and Mediterranean routing remains critical while charterers assess when Gulf-linked flows can normalize.