Qatar extends LNG force majeure as Hormuz disruption persists

Bloomberg · yesterday
  • Asian spot LNG rose to $23.388 per million British thermal units as concerns over the Strait of Hormuz continued.
  • QatarEnergy notified Pakistani buyers that LNG cargo cancellations will continue into October and extended force majeure on Bangladesh supplies beyond September.
  • The disruption affects LNG deliveries to European and Asian buyers and delays the restoration of Persian Gulf energy flows.