QatarEnergy has declared force majeure on 4th March 2026, Wednesday, to affected buyers following its earlier decision to halt production of liquefied natural gas (LNG) and associated products.
QatarEnergy said it values its relationships with all stakeholders and will continue to provide updates as further information becomes available. The move to enforce force majeure means global gas markets will experience shortages for weeks even in the unlikely scenario the conflict ends today, as Qatar supplies 20% of global liquefied natural gas.
What is force majeure?
Force majeure is a contractual clause that frees parties from liability if any failure to meet supply obligations is due to events beyond their control, such as natural disasters, wars, or unforeseen disruptions that prevent them from fulfilling contractual commitments.
Four industrial companies listed on the Qatar Stock Exchange (QSE)has also declared the reduction or suspension of certain operational activities following QatarEnergy’s force majeure, to halt production of some chemical, petrochemical and downstream products in the State of Qatar.
Mesaieed Petrochemical Holding Company said in a statement published on the QSE website that its subsidiaries will suspend production of some of their products.
Qatar Aluminum Manufacturing Company, which owns a 50 percent stake in the joint venture Qatar Aluminum Company (Qatalum), said the joint venture is planning a controlled shutdown in response to QatarEnergy’s decision.
Meanwhile, Gulf International Services confirmed following the force majeure announcement, that its subsidiaries will suspend certain operations and services related to the energy sector, while Industries Qatar announced its subsidiaries will halt or reduce production of some of their products.
