QatarEnergy Prepares Mid-October LNG Force Majeure Extension

QatarEnergy is preparing to extend its force majeure on liquefied natural gas (LNG) shipments through mid-October, Bloomberg News reported. This move would affect several buyers in Europe and Asia, who are anticipating a formal notification from the company.

The Strait of Hormuz, where LNG transit occurs, has experienced shipping disruptions due to escalating tensions between Tehran and Washington. Qatar accounts for about 20% of global LNG exports, making this development significant for the industry.

No official comment was provided by QatarEnergy, but several buyers have expressed their expectations for a formal notification in the coming days.