Natural Gas Prices Set to Ease as Qatar Restores LNG Output

Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said.

“If we assume that the Strait (of Hormuz) is now open and will remain open, our view is actually that in the course of this next quarter we will begin to see some re-stabilization in the market,” Philip Mshelbila said at the Reuters Global Energy Forum, as quoted by the publication.

The GECF groups producer countries accounting for as much as 70% of global natural…