Qatar declares force majeure on LNG contracts as Iran war disrupts supply

Qatar Energy, a major global supplier of liquefied natural gas (LNG), has declared force majeure on its supply contracts to four countries. This legal move suspends its delivery obligations due to circumstances beyond its control, specifically citing impacts from the ongoing conflict involving Iran.

This disruption has caused LNG exports to fall to a six-month low and is rattling energy markets and executives. A new Qatar-backed LNG plant in the United States has started production, which may help offset some of the global supply shortage caused by the war's effects on Qatar's operations.