The US-Iran ceasefire boosts hopes for the resumption of Qatar's liquefied natural gas projects, Chiyoda's stock price soars.

LootboxPhobia · 2026-04-08T07:19:57+00:00

Chiyoda Corporation's stock price rose by 15.5% due to considerations to resume the construction of the Qatar liquefied natural gas plant. Previously, the United States and Iran reached a ceasefire agreement, boosting market hopes for easing geopolitical tensions in the region. Chiyoda benefited from its involvement in Middle Eastern energy infrastructure projects.

LootboxPhobia

2026-04-08 07:19:57

Abstract generation in progress

Investing.com- On Wednesday, Chiyoda Corporation (TYO:6366) shares surged significantly. Earlier, there were reports that the company was considering resuming work on Qatar’s construction of a large liquefied natural gas export plant, and just recently, the United States and Iran reached a ceasefire agreement.

Chiyoda’s stock jumped 15.5% to 1,116.0 yen, with the gain outpacing the Nikkei 225’s rise of 5.3%.

Subscribe to InvestingPro for more in-depth analysis of Japan’s top stocks

Bloomberg reported that Chiyoda is considering restarting on-site construction of Qatar’s Ras Laffan liquefied natural gas project. The Japanese engineering giant is deeply involved in the construction of this plant, but after the production was forced to stop due to an Iranian drone attack, construction work was also delayed.

However, early on Wednesday morning, the United States and Iran issued tentative ceasefire signals for two weeks, offering some hope for further de-escalation of the war between the two sides.

Chiyoda has important operations in the Middle East and is set to benefit from easing geopolitical tensions, as well as any initiatives to rebuild energy infrastructure affected by the war.

This article was translated with the help of AI. For more information, please refer to our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.