Aerial photo of smoke rising from damaged Ras Laffan LNG facilities in Qatar after missile attacks, illustrating force majeure on exports.
Image générée par IA

QatarEnergy declares force majeure on LNG contracts after Ras Laffan attacks

Rapporté par l'IA Image générée par IA

QatarEnergy has declared force majeure on long-term LNG supply contracts with customers in South Korea, China, Italy, and Belgium, following missile damage to its Ras Laffan facilities last week amid the U.S.-Israeli war against Iran. The attacks, detailed in prior reporting, impacted 17% of Qatar's LNG exports, with repairs expected to take three to five years.

South Korean officials warned of increased LNG price volatility after Qatar reportedly declared force majeure on its long-term supply contract with the country, though supply impacts will be limited. Deputy Minister Yang Ghi-wuk said shipments from Qatar have already been excluded from this year's supply calculations, ensuring sufficiency. A Cheong Wa Dae official confirmed stable supplies from non-Middle Eastern routes.

Rapporté par l'IA

Following Iran's attack on Qatar's Ras Laffan LNG facilities, QatarEnergy CEO Saad al-Kaabi warned of declaring force majeure on long-term contracts, including those with South Korea's KOGAS, as repairs to damaged production trains could take three to five years, sidelining 17% of export capacity. South Korean officials downplayed supply risks due to alternatives.

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