The largest supplier of liquefied gas in the world, QatarEnergy, announced force majeure on March 24 for some long-term contracts for the supply of liquefied natural gas, writes Reuters.
The company informed its counterparties about the impossibility of fulfilling certain obligations under LNG contracts. QatarEnergy cannot meet its obligations due to military actions and attacks on production facilities.
The restrictions affected customers in Italy, Belgium, South Korea, and China.
In early March, QatarEnergy had already declared force majeure for some buyers after the cessation of liquefied gas production.
The company's chairman stated that production would resume after the conflict in the Middle East ends. Specific timelines for returning to full supplies were not mentioned.