Gas giant QatarEnergy throttles LNG supply by declaring force majeure
March 4 (Reuters) - QatarEnergy has declared force majeure on shipments of liquefied natural gas, it said in a statement on Wednesday, after attacks on its production facilities amid the U.S.-Israeli war on Iran.
The state-owned company said on Monday it was halting production of LNG and associated products due to attacks on facilities in the Ras Laffan industrial city in Qatar.
Qatar accounts for around a fifth of global LNG exports, all of which transit through the Strait of Hormuz, where shipping has ground to a near-halt.
QatarEnergy shipped 80.97 million metric tons of LNG in 2025.
Iran has been attacking Gulf Arab countries which harbour U.S. military facilities.
Force majeure is a clause that frees parties from liability if any failure to meet supply obligations is due to events beyond their control.
Related Articles
Here Are US Stock Winners Following the Iran Attacks
Tradingkey - On Tuesday, U.S. equities extended their slide as rising oil prices and the specter of war in Iran rippled through global markets. The Dow Jones Industrial Average at one point plunged more than 1,000 points.
Oil Prices Below $100 Amid US-Iran Conflict: A Market Anomaly? Analysts Warn Catch-Up Rally Is Imminent
TradingKey - As the US-Iran conflict escalates, crude oil prices have surged recently. Brent crude rose by approximately 30% within four days of the conflict's outbreak, reaching the $85 per barrel level. Analysts noted that oil prices have failed to break through the symbolic $100 mark and are even
Middle East Conflict Escalates, Global Stocks and Bonds Fall, Was It Really Caused by One Sentence From Trump?
TradingKey - On Tuesday local time, the escalation of conflict in the Middle East triggered intense global market volatility. Gold (XAUUSD), bonds, and stocks fell in tandem, an unconventional movement that shattered the conventional logic of "buying safe havens during turmoil and trading stocks during stability."
Gold’s $5,000 Breaking Point: Why the Middle East Crisis Isn't Saving the Bulls
As US-Iran tensions continue to escalate, gold prices saw a sudden plunge. Has the metal already peaked?
AGI Approaches: 2026 May Be Artificial Intelligence Turning Point, Musk Warns White-Collar Class Will Bear the Brunt
TradingKey — Have you noticed that the pace of artificial intelligence evolution is exceeding the limits of human intuitive perception? From the debut of ChatGPT to the rapid rise of multimodal AI systems, the development of AI technology has demonstrated a non-linear, exponential acceleration in ju
