QatarEnergy has declared a “force majeure” on long-term LNG contracts with customers in Italy, Belgium, South Korea, and China, with disruptions expected to last until May 2026. This move comes after the Ras Laffan facility was damaged by a missile attack from Iran, reducing export capacity by approximately 17%. This crisis could affect around 90 LNG shipments. Force majeure: A legal clause that allows a company to fail to perform a contract without penalty in the event of an uncontrollable event such as war, natural disaster, or attack. LNG (liquefied natural gas): Gas that is cooled to a liquid form for easy transport by ship around the world.