US EditionWar in the Middle East: Iran Attacks Gulf Energy Targets
QatarEnergy and other Gulf producers issued force majeure notices after Iranian attacks halted LNG exports, risking weeks-long supply disruptions affecting Asia and Europe, Energy Now reported.
- Earlier this month, QatarEnergy issued force majeure notices suspending liquefied natural gas production and informing buyers in Asia and Europe, while Gulf producers declared force majeure within a week.
- Contract language requires immediate written notification and evidence, as force majeure clauses allow suspensions when events beyond control and specified triggers like military actions occur.
- Attacks halted liquefaction operations, with Qatar's largest LNG export terminal reporting no shipments for five days, the longest since 2008.
- Market monitors cautioned that reduced Gulf output will push prices higher, while Energy Now warned supplies could fall sharply for weeks, straining LNG importers and Gulf budgets.
- Policy analysts note LNG lacks offshore loading alternatives like single-point moorings, so Gulf governments and energy agencies should institutionalize 24/7 emergency coordination and pre-positioned spare parts with emergency repair brigades.
13 Articles
13 Articles
Explainer: ’Force majeure’ at Gulf energy facilities
In less than a week, the Gulf region has seen successive "force majeure" declarations in the energy sector. QatarEnergy issued a notice suspending liquefied natural gas (LNG) production and informing several buyers in Asia and Europe of the activation of force majeure following attacks on the Ras Laffan and Mesaieed facilities. This effectively suspends part of contractual obligations due to the ongoing war and its impact on infrastructure and s…
Uncertainty about global oil supply is generating risk aversion due to potential impacts on inflation.
Iran continues its attacks on the energy infrastructure in the Gulf region. Drone and rocket alarms prevailed in several neighbouring countries. The targets of the attacks are mainly tank camps, ships and oil fields.
Iran has little to do with the attacks of the US and Israel, but with the shelling of the important energy infrastructure in the region, Tehran is pushing up the costs.
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