CERAWEEK-Mideast situation shows need for diversification of energy supply, says Cheniere CEO

Reuters

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HOUSTON, March 23 (Reuters) - The situation in the Middle East shows the need for diversity in energy supplies, the CEO of U.S. liquefied natural gas producer Cheniere said on Monday.

The U.S.-Israeli war on Iran has effectively halted energy exports from the Middle East Gulf, knocking out around a fifth of the world's oil and gas supply. Oil and gas prices have soared in response to the biggest energy supply disruption in history.

Cheniere is unable to produce any more LNG until new production facilities come online, CEO Zach Davis told reporters in Houston..

The company is considering pushing back some maintenance to fall from spring to help meet supply challenges, he added.

(Reporting by Curtis Williams; Editing by Simon Webb)

((simon.webb@thomsonreuters.com))

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