Qatar gas delivery to European client delayed
- QatarEnergy notified Edison, an Italian utility, that liquefied natural gas shipments will remain suspended until early December, extending a halt triggered by regional instability affecting the long-term contract.
- Force majeure notifications triggered by disruptions in the Strait amid the US-Iran situation have hampered energy flows since April, with QatarEnergy updating customers on cancellations roughly once monthly.
- Edison holds a long-term contract for 6.4 billion cubic meters of natural gas annually, supplying around 10% of Italy's total consumption, with 35 total undelivered shipments now forcing alternative sourcing.
- Beyond Italy, QatarEnergy notified Pakistan and Bangladesh this week that cancellations will run through November, while the supply squeeze has pushed LNG prices in Europe and Asia to roughly their highest levels since late 2022.
- As the Northern Hemisphere winter approaches in days, Europeans face pressure to secure alternative gas supplies; meanwhile, a peace deal regarding the US-Iran relationship remains elusive as Iran recently refused to soften conditions for reopening the Strait.
15 Articles
15 Articles
Qatar Extends LNG Force Majeure to Edison, Some Asian Clients
QatarEnergy has extended force majeure notices and will not be able to deliver liquefied natural gas cargoes to Italian utility Edison or some Asian clients as the Strait of Hormuz remains closed, Edison and trading sources said on Monday.Edison, one of the company's biggest customers in Europe, wil
Qatar Extends LNG Force Majeure as Hormuz Crisis Drags On
State-owned QatarEnergy has extended the force majeure on LNG deliveries to Asia and Europe by another month through the end of November, as LNG cargo traffic through the Strait of Hormuz remains largely blocked amid the protracted U.S.-Iran stalemate over the chokepoint and pathways to end the war. Qatar’s energy giant, which was the world’s second-largest LNG exporter before the war, has notified customers in Bangladesh and Pakistan, as well a…
(Cairo=Yonhap News) Correspondent Kim Sang-hoon = As energy logistics disruptions in the Gulf region persist amid the standoff between the U.S. and Iran over the Strait of Hormuz, Qatar... in Asia...
(Teleborsa) - Edison has received a new communication from QatarEnergy confirming the continuing cause of force majeure by preventing the seller from fulfilling his contractual obligations for deliveries...
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