QatarEnergy is readying to extend force majeure on liquefi ed natural gas shipments through midOctober, according to a recent report, citing people with knowledge of the matter.
Several buyers in Europe and Asia said separately they are expecting a formal notifi cation, the report said.
Force majeure is a clause that frees parties from liability if any failure to meet supply obligations is due to events beyond their control.
Qatar accounts for about 20% of global LNG exports, all of which transit the Strait of Hormuz, where shipping has ground to a near-halt amid escalating tensions between Tehran and Washington