QatarEnergy Extends Force Majeure as Middle East Conflict Continues

QatarEnergy has informed its major client Edison that it will be unable to supply three liquefied natural gas (LNG) cargoes, extending its force majeure declaration through September. This move affects 24 LNG cargoes, covering around 3 billion cubic meters of natural gas.

Edison, a subsidiary of Electricité de France (EDF), has stated that it can secure alternative gas supplies for all customers and will meet its commercial obligations. As of July 28, the company had already replaced 17 LNG cargoes at the Adriatic LNG terminal, equivalent to about 1.6 billion cubic meters of natural gas.

The force majeure declaration is part of a larger issue affecting QatarEnergy's output, which it announced in March due to the impact of the Middle East conflict. This has led to Edison cutting its full-year guidance and citing uncertainty stemming from the situation.