Further to the decision by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy is stopping the production of some downstream products in the State of Qatar, including urea, polymers, methanol, aluminum and other products.
QatarEnergy said on Tuesday (March 24) it had determined that it needed to declare force majeure on some of its affected long-term LNG supply contracts, with counterparties including customers in Italy, Belgium, South Korea, and China.
QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said.
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO and state minister for energy affairs told Reuters.
QatarEnergy confirmed that following the attack on Ras Laffan Industrial City on March 18, 2026, which caused significant damage to the Pearl GTL facility, additional missile strikes targeted several LNG facilities in the early hours of March 19, 2026.
QatarEnergy has offered up five slots for unloading, storage and regasification of liquefied natural gas at Belgium's Zeebrugge terminal for the month of April, three industry sources said, indicating its facilities could remain shut down for a longer period.
Japanese trading house Mitsui & Co is close to buying a strategic stake in the second phase of QatarEnergy's massive $17.5 billion North Field project as it seeks to secure stable liquefied natural gas (LNG) supply, said report, citing sources.
Jera, Japan’s largest power generation company and a global energy leader, has taken a major step to strengthen Japan’s energy security by signing a long-term liquefied natural gas (LNG) supply agreement with QatarEnergy, alongside a new emergency supply cooperation framework involving Japan’s government.
QatarEnergy has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement (SPA) with Malaysia's Petronas LNG (PLL), a subsidiary of Petronas, the first long-term LNG supply agreement between the two companies.
Saad Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said Qatar continue to believe in gas as the energy of the future and that increasing demand will continue to be driven by global economic growth and other factors like artificial intelligence and data centres.
