Energy and oilUpdated Yesterday

ORLEN exercises its right to terminate one of two long-term QatarEnergy LNG contracts.

Asharq Business with Bloomberg reported on Nov. 10 that ORLEN had exercised its right to terminate one of its two long-term liquefied natural gas supply contracts with QatarEnergy. In its report, ORLEN attributed the decision to ongoing force majeure, which it said had resulted in no deliveries. The contract covers up to 1 million tonnes a year and remains in force for 60 days after notice. ORLEN continues its second contract with QatarEnergy and says its production and long-term contracts cover its needs, so the termination will not affect its gas supply security. Separately, in a Nov. 1 statement carried by the Saudi Press Agency, the Saudi Ministry of Foreign Affairs condemned the targeting of a Qatari LNG carrier and expressed solidarity with Qatar’s measures to protect its vessels and international trade. The statement also emphasized maritime safety and energy-supply security.

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