How long does ConocoPhillips expect delays to its Qatar LNG joint ventures to last, and which projects are affected?

ConocoPhillips expects delays to its Qatar LNG joint ventures — specifically the North Field East and North Field South projects — to be measured in months, not years. These JVs with QatarEnergy aim to increase Qatar's LNG production capacity from 77 million metric tons per year to 126 MTPA, and remain ongoing despite recent disruptions, including damage to onshore facilities at Ras Laffan from strikes on March 19.

What did ConocoPhillips say about its U.S. LNG investments in light of the Qatar delays?

ConocoPhillips is 'heavily investing' in the Port Arthur LNG project in the U.S., with initial production expected in 2027, as part of its strategy to help offset potential supply impacts from Gulf disruptions, including the Strait of Hormuz blockage and production plant damage in Qatar.

ConocoPhillips expects Qatar gas JVs delays of months, not years

May 19, 2026

ConocoPhillips forecasts months rather than years of delays for its Qatar LNG joint ventures despite regional security risks. The firm plans to expand Qatar's production capacity significantly while advancing its US Port Arthur LNG project.

reuters

2026-05-19

ConocoPhillips expects Qatar gas JVs delays of months, not years

ConocoPhillips expects Qatar gas JVs delays of months, not years

FAQ