Qatari Firm Declares Force Majeure on LNG Contracts, Causing Price Volatility
A Qatari state-owned energy company declared force majeure on its long-term liquefied natural gas supply contracts with South Korea, China, Italy, and Belgium due to damage, leading to anticipated LNG price volatility for South Korea.
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S. Korea likely to face LNG price volatility due to suspended supply from Qatar: officials
Seoul may see increased volatility in liquefied natural gas prices after Qatar reportedly declared force majeure on its long-term LNG supply contract with South Korea, but the impact on the supply will likely be limited, officials here said Wednesday. "We have already excluded (LNG) shipments from Qatar from our calculation for this year's (LNG supplies)," Yang Ghi-wuk, deputy minister for trade, industry and resource security, said in a daily briefing on resources supplies amid the Mideast cris
By The Korea Herald
Read full article →S. Korea likely to face LNG price volatility due to suspended supply from Qatar: officials - Yonhap News Agency
S. Korea likely to face LNG price volatility due to suspended supply from Qatar: officials Yonhap News Agency
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