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Qatar Extends LNG Force Majeure as Hormuz Crisis Drags On

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Qatar Extends LNG Force Majeure as Hormuz Crisis Drags On | Gold market brief illustration

State-owned QatarEnergy has extended the force majeure on LNG deliveries to Asia and Europe by another month through the end of November, as LNG cargo traffic through the Strait of Hormuz remains largely blocked amid the protracted U.S.-Iran stalemate over the chokepoint and pathways to end the war. Qatar’s energy giant, which was the world’s second-largest LNG exporter before the war, has notified customers in Bangladesh and Pakistan, as well as at least one buyer in India and Italy’s Edison that the force majeure on deliveries…

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