Qatar Extends LNG Force Majeure to Edison, Some Asian Clients
- 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.
31 Articles
31 Articles
The fall in LNG exports from Qatar and the United Arab Emirates pushes Europe and Asia to compete for the available shipments, strengthening the dominant position of the United States.
Bloomberg:. Qatar extends the suspension of some of its obligations related to LNG shipments to Asia and Europe for another month due to continued disruptions to navigation in the Strait of Hormuz, increasing pressure on..
Bloomberg:Qatar extends the suspension of some of its obligations related to LNG shipments to Asia and Europe for another month due to continued disruptions to navigation in the Strait of Hormuz, increasing pressure on global energy supplies
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
Times of India
Qatar-linked LNG traffic through Hormuz strait picks up despite conflict
Recent transits of QatarEnergy-linked liquefied natural gas vessels through the Strait of Hormuz have increased. Kpler data indicates that more vessels are now visible, easing earlier fears related to the US-Iran conflict.
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