Special Report: Qatar Declares FM as Iran Conflict Puts LNG in Firing Line

March 2: QatarEnergy closed its LNG export facilities on March 2 and is understood to have declared force majeure on shipments after Iran attacked Ras Laffan with drones. This comes as Tehran conducted reprisal attacks across the region after US-Israeli military action against Iran, which started on Feb. 28 and resulted in the death of Iranian Supreme Leader Ayatollah Ali Khamenei and other leading Iranian officials. The conflict represents the biggest disruption to global LNG markets and the shipping industry since Russia’s invasion of Ukraine. Transit through the Strait of Hormuz has sharply declined following security warnings and elevated insurance premiums, with nine laden LNG carriers understood to be stuck near Qatar and the United Arab Emirates.   Read the full report