(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.