
QatarEnergy Invokes Force Majeure on LNG Contracts, Including for European Clients
QatarEnergy has invoked force majeure on long-term LNG contracts for several countries, including Italy, Belgium, South Korea, China, and European clients, following Iran's missile attacks on its facilities, exacerbating concerns about a looming energy crisis in Asia due to disruptions in Middle East energy supplies and rising prices.
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QatarEnergy declares force majeure on some LNG contracts
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Read full article →QatarEnergy invokes force majeure on LNG contracts, including for Italy
(ANSA) - ROME, MAR 24 - QatarEnergy said Tuesday that it has invoked force majeure on some of its long-term contracts for the supply of liquefied natural gas (LNG) to Italy, Belgium, South Korea, and China following Iran's missile attacks on its facilities. "The damage sustained by the LNG facilities will take between three to five years to repair," said Saad Sherida Al-Kaabi, the Qatari Energy Minister and the President and CEO of QatarEnergy "The impact is on China, South Korea, Italy and B...
By ANSA
Read full article →QatarEnergy declares force majeure on LNG contracts
Iranian attacks had knocked out 17% of Qatar's LNG export capacity, causing around $20b in lost annual revenue
By Reuters
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