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Market Chatter: QatarEnergy Expected to Continue LNG Force Majeure

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QatarEnergy is preparing to keep force majeure in place on liquefied natural gas exports until at least mid-October, Bloomberg reported Wednesday, citing people familiar with the matter.

Several customers in Europe and Asia expect the producer to notify buyers of the extension in the coming weeks, the report said. QatarEnergy has already canceled some cargoes scheduled for August and September, and a longer disruption could intensify competition for LNG cargoes ahead of winter.

QatarEnergy did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)

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