Published • loading... • Updated
QatarEnergy extends LNG force majeure, charters out tankers into October: Report
The extension would keep shipments covered as QatarEnergy faces higher insurance costs and continued disruption in the Strait of Hormuz, Bloomberg News reported.
- QatarEnergy plans to extend the force majeure on liquefied natural gas shipments through mid-October due to disruptions caused by the US-Iran war.
- Asian and European LNG buyers seek lower prices and more supply guarantees from Qatar and the UAE amid rising insurance costs and increased risks.
- Qatar and the UAE supply about 20% of global LNG capacity, with exports heavily reliant on the Strait of Hormuz, where shipping is severely disrupted.
- Buyers want guarantees of replacement cargoes to mitigate risks and must consider increased insurance costs and new risk profiles for Gulf region LNG contracts.
Insights by Ground AI
8 Articles
8 Articles
QatarEnergy extends LNG force majeure and charters out tankers into October, sources say
QatarEnergy has extended force majeure on liquefied natural gas (LNG) supplies to several Asian buyers and continues to lease out some of its LNG tankers through mid-October, trade sources said, signalling expectations that export disruptions could persist as the Strait of Hormuz remains closed.
·London, United Kingdom
Read Full Article
QatarEnergy Prepares to Extend LNG Force Majeure Into October
QatarEnergy is preparing to further extend force majeure on liquefied natural gas shipments through mid-October, according to people with knowledge of the matter, in a move that would prolong the supply shock that has disrupted the global gas market amid war in the Middle East.
·New York, United States
Read Full Article
Coverage Details
Total News Sources8
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
To view factuality data please Upgrade to Premium
