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CERAWEEK-Mideast situation shows need for energy diversification, says Cheniere CEO
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CERAWEEK-Mideast situation shows need for energy diversification, says Cheniere CEO
Mar 23, 2026 11:06 AM

(Adds details and background at paragraphs 3-5)

By Curtis Williams

HOUSTON, March 23 (Reuters) - The situation in the

Middle East shows the need for diversity in energy supplies,

Jack Fusco, CEO of Cheniere Energy, the nation's largest

U.S. liquefied natural gas exporter, said on Monday in Houston.

The U.S.-Israeli war on Iran has throttled energy exports from

the Middle East Gulf's Strait of Hormuz, a key transit point for

a fifth of the world's oil and gas supply. Oil and gas prices

have soared, as it may be months before supply issues are fully

solved.

The company's CFO Zach Davis told reporters at the CERAWeek

conference in Houston that Cheniere has been running its plant

above its stated maximum capacity and is unable to produce any

more LNG until new production facilities come online later this

year.

The company is considering pushing back some maintenance to the

autumn instead of in the spring to meet demand, Davis added.

Supply has become more strained worldwide following both the

effective closure on the Strait of Hormuz and Iranian attacks on

Qatar, which produces a fifth of the world's liquefied natural

gas, that knocked out roughly 17% of its supply.

Cheniere expects to deliver more cargoes to Asia this year

and less to Europe; overall last year it exported 51 million

metric tons of LNG, mostly to Europe.

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