Qatar Energy prolongs gas shipment halt to Europe

Qatar Energy has extended the force majeure on LNG shipments to Europe, reducing the region's supply outlook and impacting storage levels ahead of winter. This measure follows the halt of shipments since the start of the war in March, with extensions lasting until the end of September, reflecting a decline in gas supplies due to the conflict in the Middle East and its effect on flows from the Arabian Gulf. The company also paused efforts to resume production at Ras Laffan because of attacks on gas carriers in the Strait of Hormuz, further stressing the global gas market and complicating Europe's efforts to secure adequate supplies for the winter season.

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