QatarEnergy extends LNG force majeure to December 2026
QatarEnergy has extended the force majeure on its liquefied natural gas shipments to Asia and Europe until the end of December 2026, after missile attacks in March cut 17 percent of its export capacity and caused an estimated $20 billion annual revenue loss. The company is repairing the damaged facilities while the Strait of Hormuz remains largely blocked. Despite the disruptions, Qatar is set to become the largest buyer of U.S. LNG.
Key facts
- Force majeure now runs until 31 Dec 2026 for Asian and European markets.
- Missile strikes cut 17 % of Qatar's LNG export capacity in March.
- Annual revenue loss from the attacks is estimated at $20 billion.
- Repair work on damaged LNG facilities is underway.
- Strait of Hormuz continues to be largely blocked, affecting shipping routes.
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Why it matters
The suspension reduces global LNG supply and may raise energy prices.
What changed
First published from OilPrice.com