BREAKING: QatarEnergy just declared Force Majeure.
Three words that mean: we cannot deliver, and legally, we do not have to.
This is no longer a supply disruption. This is a contract collapse.
Force Majeure is not a precaution. It is a formal legal declaration that an unforeseeable event beyond QatarEnergy’s control has made fulfillment impossible. Every affected buyer just had their contract voided. The gas they were counting on is gone, and they have no legal recourse to get it back.
82% of Qatar’s LNG goes to Asia.
China relies on Qatar for 30% of its LNG imports. India 42 to 52%. South Korea 14 to 19%. Taiwan 25%. Japan is already rationing to spot markets.
Asian benchmark prices jumped 39% the day production stopped.
Force Majeure just made that permanent until further notice.
Indian companies have already cut gas supplies to industry by 10 to 30%. That is not a market adjustment. That is factories running at reduced capacity today, across the world’s most populous continent, because Iran sent drones into Ras Laffan.
Here is the number the market still has not fully absorbed.
Two weeks to restart a liquefaction train after a full cold shutdown. Then two more weeks to reach full capacity. That is a minimum of four weeks at zero, assuming no further strikes, no security complications, no inspection delays.
The war is still running.
There is no security guarantee. There is no restart timeline. There is no floor.
Every LNG contract in Asia just became a spot market problem. Every spot market problem just became an inflation problem. Every inflation problem just became a central bank problem.
This started as a war in the Middle East.
It is now inside every factory, every power plant, and every gas bill across Asia.
Price that chain.
https://t.co/ULBgEzZ3A8
Everyone seems to be forgetting that the Ayatollah Khamenei was a human being with hopes, dreams and aspirations.
Rip king. He was a great American. 🫡🇺🇸
Let me make this crystal fucking clear….
If Clinton abused young girls…
- Prison
If Bill Gates abused young girls…
- Prison
If Clarence Thomas abused young girls…
- Prison
If Donald Trump abused young girls…
- Prison
You either agree to all of these or none.
If you pick based on politics…
You Support Pedophiles,
Not Kids.
🚨 Prof. Francis Boyle found DEAD only days after he agreed to testify against Bill Gates and Albert Bourla over alleged dangers of COVID-19 mRNA vaccines.
Whitmer is calling for new taxes on:
-Vapes
-Tobacco
-Sports Betting
-Digital Advertising
-Trash. Actual Trash.
Actions speak louder than words. If she was serious about making life affordable for Michiganders, she wouldn’t be trying to slap new taxes on them every year.