DOHA: QatarEnergy has declared force majeure on several long-term liquefied natural gas (LNG) supply contracts, citing disruptions affecting its delivery commitments.
The move impacts key international buyers, including customers in Italy, Belgium, South Korea, and China.
Force majeure, a contractual clause that allows suppliers to suspend obligations due to unforeseen circumstances, signals significant strain on global LNG supply chains amid ongoing geopolitical and market volatility.
The development is expected to heighten concerns among importing nations already facing tight energy markets, potentially leading to increased competition for alternative LNG cargoes and upward pressure on spot prices.
While details regarding the scale and duration of the disruptions remain limited, the announcement underscores growing risks to global energy security and supply continuity.
By Reuters
