Poland's Orlen Becomes First Buyer to Cancel Long-Term Qatar LNG Deal

πŸ‡΅πŸ‡± Oilprice.com (PL) —
Poland's Orlen Becomes First Buyer to Cancel Long-Term Qatar LNG Deal

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Polish state-owned energy company Orlen has canceled its long-term contract to buy LNG from QatarEnergy, citing the Qatari company's inability to meet supply obligations amid continuing force majeure on exports. The agreement, signed in 2009 and running through 2034, covered annual deliveries of one million tons.

Polish state-owned energy firm Orlen has become the first long-term client of QatarEnergy to cancel an LNG supply contract with the Qatari company amid the continued force majeure on exports. In a regulatory filing from late Tuesday, the Polish firm noted that QatarEnergy has become unable to meet its contractual obligations to supply Orlen with 1 million tons of superchilled gas annually. The contract was signed in 2009, The National noted in a report on the news, and deliveries began in 2016, with the term of the contract until 2034. At the end…

World Markets Deals Commodities Energy Shipping Orlen QatarEnergy LNG supply contract force majeure Poland Qatar

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