Orlen terminates its 18-year LNG contract with QatarEnergy, marking the first time a QatarEnergy client has taken such termination action.

(1) Polish energy company Orlen SA has terminated one of the two long-term liquefied natural gas (LNG) contracts it had signed with QatarEnergy; Orlen stated that due to the ongoing conflict, the export giant is no longer able to fulfill its delivery obligations. This marks the first time a client of QatarEnergy has taken action to terminate a contract. (2) As a key player in the global LNG market, QatarEnergy previously held a significant position in worldwide supply; however, since the Iran-related conflict broke out earlier this year, one-fifth of global LNG production has faced serious disruption. (3) Orlen pointed out that due to the ongoing force majeure and the other party’s inability to fulfill contractual obligations, the company has decided to terminate the 18-year contract originally set to last until 2034. Nevertheless, Orlen is maintaining another LNG supply contract with QatarEnergy.