Qatar Declares Force Majeure on LNG Contracts Through May 2026
The declaration affects obligations to customers in Italy, Belgium, South Korea, and China, according to the provided text, involving one of the world’s largest liquefied natural gas suppliers.
Summary
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Terms & Concepts
Force majeure: A contract clause that can suspend obligations when extraordinary events prevent normal performance.
LNG: Liquefied natural gas, a supercooled form of natural gas used for storage and international shipping.