Qatar rules out Hormuz pipeline bypass and reshapes its sovereign wealth strategy

Qatar has ruled out using pipelines to bypass the Strait of Hormuz, saying the alternative would require new liquefied natural gas (LNG) facilities outside the country which does not make economic sense.

Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and chief executive of Qatar Energy, said neighbouring countries had offered to let Qatar use an alternative route through their territories.