Qatar Energy CEO says 2 of their 14 LNG trains and 1 out of 2 of their gas to liquids facilities were damaged in Iran attacks, according to reports
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Qatar Energy CEO says 2 of their 14 LNG trains and 1 out of 2 of their gas to liquids facilities were damaged in Iran attacks, according to reports
Israeli officials says the attack on Iran's South Pars gas field was coordinated with the US but will likely not be repeated
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On the Newsquawk feed at , 20 minutes before this page.
- Says ExxonMobil (XOM) is the partner in the damaged trains.
- May have to declare force majeure on long-term contracts for up to five years for LNG supplies to Italy, Belgium, Korea and China.
Context
The news of attacks damaging Qatar Energy's LNG facilities is significant, suggesting potential supply disruptions, especially considering the company may need to declare force majeure on long-term contracts. This could create upward pressure on LNG prices while affecting the energy supply chain in Europe and Asia, notably impacting trading dynamics for companies like ExxonMobil (XOM) and related commodities.
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