Polish energy giant terminates LNG agreement with Qatar
2026-11-11 08:36:31
According to CoinMeta, affected by the war, the Polish energy company Orlen SA announced the termination of one of two long-term liquefied natural gas (LNG) contracts signed with Qatar Energy Company. Orlen stated that due to the ongoing conflict, the export giant was no longer able to fulfill its delivery obligations. This is the first time a customer of Qatar Energy Company has taken action to terminate a contract. As an important participant in the global LNG market, Qatar Energy Company previously held a pivotal position in global supply. However, since the conflict related to Iran erupted earlier this year, one-fifth of the world's LNG production has been severely disrupted. Orlen Company indicated that due to the persistence of "force majeure" and the other party's inability to fulfill contractual obligations, the company decided to terminate this 18-year contract, which was originally set to last until 2034. Nevertheless, Orlen still retains another supply contract with Qatar Energy Company.
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Source:Jin10 Data
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