Qatar, the world's largest exporter of liquefied natural gas, is drawing up a contingency plan to close down its vast LNG facilities in an emergency, if Iran carries out recent threats to close the strategic Strait of Hormuz, a senior oil official in the emirate said Thursday.
The plan involves examining what would be required if Qatar had to perform a complete and rapid shutdown of the country's 14 liquefaction plants in the northern industrial zone of Ras Laffan, said the official, who requested anonymity.
Qatar has no alternative export routes for its LNG in the event of a blockade of the Strait of Hormuz, through which one-fifth of the world's traded crude passes.
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