QatarEnergy Invokes Force Majeure on LNG Deliveries to Italy, Belgium, South Korea, China
QatarEnergy Declares Force Majeure on LNG Supply to Key Nations Amid West Asia Tensions
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CNBC TV18•24-03-2026, 20:41
QatarEnergy Declares Force Majeure on LNG Supply to Key Nations Amid West Asia Tensions
•QatarEnergy has declared force majeure on long-term LNG supply contracts to Italy, Belgium, South Korea, and China.
•The disruption stems from geopolitical tensions and production issues linked to the US-Israeli war on Iran, impacting Qatar's energy infrastructure.
•An Iranian attack on the Ras Laffan gas facility damaged two LNG trains and one gas-to-liquids facility, wiping out 17% of Qatar's LNG export capacity.
•Repairs are estimated to take three to five years, sidelining 12.8 million tonnes of LNG production annually and resulting in $20 billion in lost annual revenue.
•The closure of the Strait of Hormuz and attacks on Gulf facilities have exacerbated the situation, pushing energy prices higher and impacting global supply chains.
