Qatar Energy prolongs Force Majeure on gas shipments

The article focused on Qatar Energy's extension of force majeure on LNG supplies to buyers in Asia, with some tanker charters continuing until mid-October 2026, due to the ongoing closure of the Strait of Hormuz and increasing Iranian attacks on vessels. These conditions have led to a reduction in Qatar's exports, which account for about 20% of global LNG trade, thereby potentially escalating tensions in the gas market and driving up prices, especially with winter approaching in the Northern Hemisphere. The companies also anticipate continued disruptions to exports, noting that Qatar is particularly chartering tankers despite falling shipping rates, in order to maintain fleet operations despite the weak market.

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