“We are not expecting delays from those projects to meaningfully impact our free cash flow, and we have strong confidence in what we are expecting coming out of Qatar.”

In context

“Kirk L. Johnson (Executive Vice President, Global Operations and Technical Functions): Yeah. Good morning, Phillip. This is Kirk. Certainly, there has been quite a bit of flux and forward-looking uncertainty as it relates to the conflict and the impacts that are playing out with Qatar. As you saw in the second quarter, Ras Laffan was largely shut in, although we did see some limited volumes coming out of that business. That was a function of the ramp down that took place early in the quarter. Naturally, there is a need to support local demand and consumption in country, and they were able to achieve some of that certainly through our train. The planned turnaround that we had premised in the second quarter was successfully executed, and we were able to take advantage of the downtime at Ras Laffan to get work done so that as the train is expected to ramp up over the next quarter, we can be in a strong position with high uptime and execution coming out of that downtime. Looking into the third quarter, our guidance does assume a ramp across the quarter, and naturally there is uncertainty around the pace of the ramp as well as overall throughput through the quarter. What we have done is capture that within the uncertainty range that exists in our total company guidance. With respect to Qatar's NFE and NFS projects, often those projects can get conflated with downtime and production impacts we had when the strait was closed. But those projects were progressing well prior to the conflict and continued to progress quite nicely through the conflict, especially the onshore build-out of the liquefaction trains. Of course, we always defer to QatarEnergy on formal updates, but from the schedule and productivity we are seeing, we expect any delays to first gas or first cargo to be in the nature of months, not a full year. We are not expecting delays from those projects to meaningfully impact our free cash flow, and we have strong confidence in what we are expecting coming out of Qatar.”