British BulletinBritish Bulletin
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
What's On

Boy, 17, charged after Kenton synagogue attack

21 April 2026

Olly Robbins admits it would have been ‘very difficult’ to deny Lord Mandelson clearance

21 April 2026

King Charles moves historic sculpture from London museum to his royal residence

21 April 2026

Labour’s ‘reckless reach to gamble your pension savings’ rejected AGAIN amid state overreach fears

21 April 2026

Which Premier League players are out of contract this summer? | Manchester News

21 April 2026
Facebook X (Twitter) Instagram
Web Stories
Facebook X (Twitter) Instagram
British Bulletin
Subscribe
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
British BulletinBritish Bulletin
Home » Major Qatari oil producer declares it won’t fulfil contracts after Iran drone strikes
Business

Major Qatari oil producer declares it won’t fulfil contracts after Iran drone strikes

By britishbulletin.com4 March 20262 Mins Read
Major Qatari oil producer declares it won’t fulfil contracts after Iran drone strikes
Share
Facebook Twitter LinkedIn Pinterest Email

QatarEnergy has invoked force majeure on its liquefied natural gas shipments after Iranian drone strikes targeted production facilities at Ras Laffan industrial city.

The declaration releases the state‑owned producer from contractual supply obligations after it suspended LNG output and related products, including fertiliser, earlier this week.


Iran has launched strikes against Gulf Arab states hosting American military installations as part of the escalating conflict involving the United States and Israel.

Force majeure clauses allow companies to suspend contractual commitments when circumstances beyond their control prevent them from meeting delivery obligations.

QatarEnergy is a major global supplier of energy | GETTY

QatarEnergy said it “values its relationships with all of its stakeholders and will continue to communicate the latest available information”.

Qatar 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.

All 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.

Energy market participants have also reported rising war‑risk insurance premiums and higher shipping costs linked to the disruption.

Despite the production shutdown and shipping constraints, wholesale oil and gas prices have so far shown limited immediate reaction.

MORE TO FOLLOW

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Labour’s ‘reckless reach to gamble your pension savings’ rejected AGAIN amid state overreach fears

Millions of young adults could have unclaimed savings worth thousands

Unemployment falls to 4.9% but hiring slowdown raises ‘stagflation’ risk for British economy

EasyJet issues dire three-week countdown as tourists brace for travel chaos

Royal Mail pursuing new identity with King Charles on the throne as latest move marks ‘end of Elizabethan era’

Savers urged to ‘review accounts’ as Rachel Reeves prepares to SLASH tax-free allowance

Apple CEO Tim Cook to step down in major business overhaul

Nationwide Building Society’s Fairer Share Payment to offer free £100 to MILLIONS after Virgin Money deal

Labour’s new 125-mile gas pipeline plans met with horror as locals brand scheme ‘vandalism’

Editors Picks

Olly Robbins admits it would have been ‘very difficult’ to deny Lord Mandelson clearance

21 April 2026

King Charles moves historic sculpture from London museum to his royal residence

21 April 2026

Labour’s ‘reckless reach to gamble your pension savings’ rejected AGAIN amid state overreach fears

21 April 2026

Which Premier League players are out of contract this summer? | Manchester News

21 April 2026

Subscribe to News

Get the latest Brittan News and Updates directly to your inbox.

Latest News

Karren Brady quits West Ham role with just five Premier League matches to go

21 April 2026

Fuel thefts surge 62% as petrol and diesel drivers avoid paying high pump prices

21 April 2026

British boxer Lawrence Okolie fails doping test before Paris fight with Tony Yoka

21 April 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 British Bulletin. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.