ORLEN has exercised its right to terminate one of its two long-term LNG supply agreements with QatarEnergy, citing continuing force majeure that has prevented contractual deliveries.
In a regulatory announcement issued on 10 November at 20:29, the Polish company said the affected contract covers 1 million tonnes annually and uses oil-linked pricing. It estimates the agreement’s 2026 value at approximately €570 million.
The contract remains in force for 60 days after the termination notice. It was originally signed in 2009, began deliveries in 2016 and had been due to continue until 2034.
ORLEN says its second QatarEnergy agreement, covering up to 1 million tonnes a year through 2034 under gas-linked pricing, continues.
The company maintains that production from its own fields and other long-term supply agreements fully cover group gas requirements. That is ORLEN’s supply-security assessment. Its notice does not establish when the delivery disruption will end, and no new QatarEnergy response is included.
Source: original announcement.
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Image credit: Historical Qatar LNG-sector file photograph: Ras Laffan LNG terminal, 2 September 2012. This predates the current supply dispute and does not show damage, a disrupted cargo or present operating conditions. Matthew Smith / Flickr via Wikimedia Commons, CC BY 2.0. Resized and compressed.
By Energy People. Compiled with AI assistance from linked sources.
