News & Macrohigh confidence
Equinor Targets 15 Million Tons of LNG as Qatar Exports Stay Blocked
oilprice.com · September 16, 2026 · Week 2026-38
Summary
Equinor is strategically expanding its global LNG portfolio to 10-15 million tons per year by the early 2030s, capitalizing on a major market disruption. The move is a direct response to a hypothetical blockade of the Strait of Hormuz that has halted LNG exports from Qatar and the UAE. Equinor is targeting undersupplied Asian and European buyers by securing new volumes from the Americas and Africa.
Strategic Implication
A blockade of the Strait of Hormuz creates a structural opportunity for non-Gulf LNG suppliers like Equinor to capture long-term market share in key Asian and European markets.