Published 1 month ago • loading... • Updated 1 month ago
QatarEnergy Declares Force Majeure on LNG Supply Contracts
Missile strikes damaged 17% of QatarEnergy's LNG exports from Ras Laffan, forcing contract suspensions with European and Asian buyers, with repairs expected to take years.
QatarEnergy has declared force majeure on some of its long-term liquefied natural gas supply contracts with customers in Italy, Belgium, South Korea, and China due to the Middle East war.
The disruption affects around 30% of Italy's annual gas needs, prompting the prime minister to seek alternative supplies from Algeria, while a think tank suggests replacing Qatari LNG with renewables and energy efficiency.
If the EU does not accept the terms of the EU-US trade deal, the US ambassador warns that the bloc could risk losing 'favorable access' to LNG from the US.