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  "path": "/money/major-qatari-oil-producer0wont-fulfil-contracts-iran",
  "publishedAt": "2026-03-04T13:59:27.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "The GB News Editorial Charter"
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  "textContent": "\n\n\nQatarEnergy has invoked force majeure on its liquefied natural gas shipments after Iranian drone strikes targeted production facilities at Ras Laffan industrial city.\n\nThe declaration releases the state‑owned producer from contractual supply obligations after it suspended LNG output and related products, including fertiliser, earlier this week.\n\n###\n\n\n\n\nIran has launched strikes against Gulf Arab states hosting American military installations as part of the escalating conflict involving the United States and Israel.\n\nForce majeure clauses allow companies to suspend contractual commitments when circumstances beyond their control prevent them from meeting delivery obligations.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\n###\n\n\n\n\nQatarEnergy said it “values its relationships with all of its stakeholders and will continue to communicate the latest available information”.\n\nQatar accounts for around one fifth of global LNG exports, making the production halt a significant disruption to international gas markets. The company delivered 80.97 million metric tonnes of LNG during 2025.\n\nAll Qatari LNG cargoes must transit the Strait of Hormuz, where shipping traffic has slowed sharply amid heightened security risks. The maritime corridor is a critical energy route linking Gulf producers to global markets.\n\nEnergy market participants have also reported rising war‑risk insurance premiums and higher shipping costs linked to the disruption.\n\nDespite the production shutdown and shipping constraints, wholesale oil and gas prices have so far shown limited immediate reaction.\n\n**MORE TO FOLLOW**\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards:The GB News Editorial Charter **",
  "title": "Major Qatari oil producer declares it won't fulfil contracts after Iran drone strikes"
}