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HIBAPRESS – Agencies
QatarEnergy announced on Wednesday, March 4th, a state of force majeure after its decision to halt the production of liquefied natural gas and related products.
The company stated in a statement that this comes in light of its halting of the production of liquefied natural gas and related products (urea, polymers, methanol, aluminum, etc.), noting that it has notified affected purchasing customers of the declaration of force majeure. The decision comes against the backdrop of escalating geopolitical conditions in the region, which have affected shipping movements, supply chains, and energy costs.
