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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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Saudi airstrikes in Yemen’s southwestern Taiz province on Monday hit a girls’ school and a health center, killing at least five civilians, according to Yemeni media reports. Yemen’s SABA news agency, citing a local source, reported that a child was among those killed and that 15 other civilians were wounded. The news agency also published […]
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Things Have Changed...
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Authored by James Howard Kunstler via kunstler.com,
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Still The (Military) Base Case
Still The (Military) Base Case
By Michael Every of Rabobank
Hormuz traffic is climbing, but refined product prices are lagging, and crack spreads are blowing out: one can’t just look at the oil price to understand the overall energy dynamic.
On the geopolitical front, things are also still mixed. Talks about the US-Iran MoU in Doha, without either side speaking to the other, went well according to the US, who are staying on for what could be indirect talks today. However, the Wall Street Journal reports Iran is split, with political leadership...
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