QatarEnergy Update on Recent developments

Summary by AI ^BETAClose X

QatarEnergy has declared force majeure on some long-term LNG supply contracts due to missile attacks on its Ras Laffan production hub, which caused significant damage to two LNG facility trains and one GTL facility train. The attacks also materially reduced output of condensate, liquefied petroleum gas, helium, naphtha, and sulphur, impacting customers in Italy, Belgium, South Korea, and China. The company is assessing the full operational, contractual, and financial impact, including repair timelines, and will provide further updates on material developments.

Disclaimer*

QatarEnergy

24 March 2026

QatarEnergy - Update on Recent Developments

The missile attacks on QatarEnergy's Ras Laffan production hub on Wednesday 18^th March 2026 and Thursday 19^th March 2026 have resulted in significant damage to its liquefied natural gas ("LNG") and gas-to-liquids ("GTL") infrastructure. Two LNG facilities trains and one GTL facility train have been damaged. As a result of these events, QatarEnergy has determined that this results in the need to declare a force majeure event to some of its affected long-term LNG supply contracts, with counterparties including customers in Italy, Belgium, South Korea, and China impacted by the disruption. Beyond LNG, the attacks have also resulted in materially reduced output of condensate, liquefied petroleum gas, helium, naphtha, and sulphur.

QatarEnergy is continuing to assess the full impact of these recent events on its operations, contractual obligations, and financial position, including the expected repair timeline for the damaged LNG Trains and GTL facility. QatarEnergy intends to keep the market appraised of any material developments as the situation evolves.

For further information, please contact:

QatarEnergy

QatarEnergy HQ

Tower 4 - Podium Level

Building No.4

Street No. 951

Zone 63

Doha

State of Qatar (P.O. Box 3212)

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