Qatar may have to declare force majeure on long-term LNG contract with S. Korea, others: report | Yonhap News Agency

## Summary
OK SEOUL, March 19 (Yonhap) -- The CEO of QatarEnergy warned Thursday that the state-owned company may have to declare force majeure on long-term liquefied natural gas (LNG) contracts with countries, including South Korea, for up to five years, a report said. In an interview with Reuters, CEO Saad al-Kaabi said the disruption could impact shipments to Italy, Belgium, South Korea and China due to damage to two LNG production trains. "I mean, these are long-term contracts that we have to declare force majeure. Korea, U.S. conduct joint drills Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war prev Qatar may have to declare force majeure on long-term LNG contract with S. Korea, others: report Next Qatar may have to declare force majeure on long-term LNG contract with S.

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SEOUL, March 19 (Yonhap) -- The CEO of QatarEnergy warned Thursday that the state-owned company may have to declare force majeure on long-term liquefied natural gas (LNG) contracts with countries, including South Korea, for up to five years, a report said.
In an interview with Reuters, CEO Saad al-Kaabi said the disruption could impact shipments to Italy, Belgium, South Korea and China due to damage to two LNG production trains.
"I mean, these are long-term contracts that we have to declare force majeure. We already declared, but that was a shorter term. Now it's whatever the period is," he said.
Iranian attacks have knocked out 17 percent of Qatar's LNG export capacity, causing an estimated US$20 billion in lost annual revenue and threatening supplies to Europe and Asia, al-Kaabi said.
This undated AFP file photo shows liquefied natural gas (LNG) carrier.
(END)
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Qatar may have to declare force majeure on long-term LNG contract with S. Korea, others: report

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- This undated AFP file photo shows liquefied natural gas (LNG) carrier. (END) Keywords #Qatar #LNG Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert Most Saved (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life (2nd LD) N.

### Implications
- OK SEOUL, March 19 (Yonhap) -- The CEO of QatarEnergy warned Thursday that the state-owned company may have to declare force majeure on long-term liquefied natural gas (LNG) contracts with countries, including South Korea, for up to five years, a report said.
- In an interview with Reuters, CEO Saad al-Kaabi said the disruption could impact shipments to Italy, Belgium, South Korea and China due to damage to two LNG production trains. "I mean, these are long-term contracts that we have to declare force majeure.
- This undated AFP file photo shows liquefied natural gas (LNG) carrier. (END) Keywords #Qatar #LNG Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert Most Saved (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life (2nd LD) N.
- Korea, U.S. conduct joint drills Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war prev Qatar may have to declare force majeure on long-term LNG contract with S.

### Expert Commentary
This article covers lng, korea, term topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 334.