Qatar may have to declare force majeure on long-term LNG contract with Korea, others: report
Published: 20 Mar. 2026, 09:43
![QatarEnergy's liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, are seen in Ras Laffan Industrial City, Qatar on March 2. [REUTERS/YONHAP]](https://koreaseafood.online/data/photo/2026/03/20/328ad438-08fa-463b-a45d-53b211d21bcf.jpg)
QatarEnergy's liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, are seen in Ras Laffan Industrial City, Qatar on March 2. [REUTERS/YONHAP]
The CEO of QatarEnergy warned Thursday that the state-owned company may have to declare force majeure on long-term liquefied natural gas (LNG) contracts with countries, including Korea, for up to five years, a report said.
In an interview with Reuters, CEO Saad al-Kaabi said the disruption could impact shipments to Italy, Belgium, Korea and China due to damage to two LNG production trains.
"I mean, these are long-term contracts that we have to declare force majeure. We already declared, but that was a shorter term. Now it's whatever the period is," he said.
Iranian attacks have knocked out 17 percent of Qatar's LNG export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, al-Kaabi said.
Yonhap
with the Korea JoongAng Daily
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