QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes

QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes

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QatarEnergy Declares Force Majeure on LNG Shipments, Halting Up to 90 Cargoes Through May

QatarEnergy, a cornerstone of global liquefied natural gas supply, has declared force majeure on several long-term contracts, canceling obligations to customers in Italy, Belgium, South Korea, and China. The move could impact as many as 90 cargoes through May, exacerbating an already strained market where 20% of worldwide LNG flows are disrupted by the Hormuz Strait blockade. The decision follows severe damage to Qatar’s energy infrastructure am…