QatarEnergy has declared force majeure on some of its liquefied natural gas (LNG) supply contracts, the company confirmed on Tuesday, March 24, 2026. The declaration follows a missile attack that damaged a key floating LNG production and storage unit in the Red Sea.
The incident involved the "Golar Tundra," a floating LNG production unit operating off the coast of Yemen. It was reportedly struck by missiles launched by the Houthi movement in Yemen, which has been involved in regional conflicts. The attack caused significant damage, disrupting operations.
A force majeure clause in a contract frees parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs. QatarEnergy's declaration applies to specific supply agreements, though the company has not publicly named the affected customer countries. The disruption highlights ongoing security risks to energy infrastructure in the region.
Industry analysts note that while the immediate impact on global LNG supplies is limited, the event contributes to market volatility and underscores the geopolitical tensions affecting energy trade routes in the Middle East.
