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.
40 Articles
40 Articles
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Qatar LNG plant damage could take five years to fix if key components destroyed
Iran targeted and hit Qatar’s Ras Laffan gas plant on March 18, the backbone of Qatar's LNG exports and source of a third of the world’s supply of liquid gas. If key components were destroyed the plant could take five years to fix.
Anwar voices support for Qatar, condemns attack on Ras Laffan facility
KUALA LUMPUR: Malaysia has firmly expressed its support for Qatar's sovereignty and strongly condemned the attack targeting the Ras Laffan Liquefied Natural Gas (LNG) facility, Datuk Seri Anwar Ibrahim said. Read full story
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