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QatarEnergy Extends Force Majeure Until August
The extension follows Iranian strikes that damaged Qatar’s LNG hub and disrupted output, with Edison saying the delay covers 17 cargoes.
- On Monday, QatarEnergy notified Italian utility Edison it will cancel five additional LNG cargoes, extending force majeure from early July until mid-August.
- Iranian strikes on facilities at Ras Laffan and Mesaieed Industrial City triggered the halt, with disruptions persisting since April amid conflicts linked to the Iran war.
- The shutdown affects LNG output and downstream products including urea, polymers, methanol and aluminum; Edison faces 17 cancelled cargoes totaling 2.2 billion cubic meters against its 6.4 billion cubic meter annual contract.
- Edison, a unit of French energy group EDF, shifted procurement toward American LNG suppliers, replacing nine of 17 cancelled cargoes as of late March representing around one bcm of gas.
- Italy expects to receive LNG from the Golden Pass LNG facility in Texas starting in June, a joint venture where QatarEnergy holds 70% and Exxon Mobil holds the remainder, as U.S. exports hit 11.7 million tons in March.
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QatarEnergy extends force majeure to mid-August, Italian Edison looks to US for replacements
QatarEnergy notified Italian utility Edison on Monday that it will cancel five additional liquefied natural gas (LNG) cargoes, extending a force majeure from early July until mid-August, according to a Reuters news report.
·India
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QatarEnergy extends force majeure until mid-August, Italy's Edison says
QatarEnergy has notified one of its biggest European customers that it will cancel five additional LNG cargoes, extending force majeure from early July until mid-August, Italian utility Edison said on Monday.
·United Kingdom
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Starting in June, Italy will likely begin receiving LNG from the Golden Pass facility in the US, a joint project between QatarEnergy and Exxon Mobil.
Coverage Details
Total News Sources15
Leaning Left0Leaning Right5Center4Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
C 44%
R 56%
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