QatarEnergy has declared force majeure on some of its affected long-term liquified natural gas (LNG) supply contracts, with counterparties including customers in Italy, Belgium, South Korea and China.
The move comes amid production disruptions linked to the US-Israeli war on Iran, which has affected Qatar.
Global energy markets have been reeling since the United States and Israel began attacking Iran in late February.
Iranian missile and drone strikes across the Middle East, including most notably in the Gulf region, have targeted oil and gas facilities, prompting international condemnation.
The essential closure of the Strait of Hormuz, a critical Gulf waterway through which about one-fifth of the world’s energy supplies transit, has also spurred mounting concern as energy prices have soared.
