Qatar Extends Force Majeure as Hormuz Crisis Still Blocks LNG Traffic
Qatar’s state-owned QatarEnergy has extended by several weeks its force majeure on LNG deliveries to customers as the LNG flows at the Strait of Hormuz remained blocked despite increased oil flows. QatarEnergy has notified buyers in Pakistan and Bangladesh this week that LNG cargo cancellations woul
Source: OilPrice.com
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DW NOTE
Qatar's force majeure declaration is now a standing admission that the world's largest LNG exporter cannot deliver contracted cargoes because Iran controls the shipping lane. Every extension is a fresh acknowledgment that 22% of global LNG supply depends on a waterway that has been effectively closed since August 23.