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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
The already dismal LNG supply situation just got worse.
With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, including for customers in Italy, Belgium, South Korea and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg.
The move on...
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