Cyclone Narelle: Australia's Supply Risk Laid Bare

Wednesday, 01 April 2026

Tropical Cyclone Narelle has disrupted over 30 mtpa of Australian LNG capacity at the worst possible moment. With Qatar offline and the Strait of Hormuz blocked, the temporary loss of output from Gorgon, Wheatstone, and North West Shelf exposes a concentration risk that compounds an already historic supply crisis.


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