JERA CEO Yukio Kani signals further LNG price hikes as QatarEnergy extends supply disruptions through November, complicating winter energy security for Asian and European markets.
JERA CEO Yukio Kani has indicated that LNG prices are likely to remain elevated as shipping disruptions at the Strait of Hormuz persist. With QatarEnergy extending force majeure on deliveries through November, the market faces a significant supply shortfall heading into the critical winter season.
Prices are expected to rise due to prolonged shipping disruptions at the Strait of Hormuz and the continued absence of Qatari LNG supply from the market.
QatarEnergy has extended its force majeure on LNG deliveries to Asia and Europe through the end of November, and JERA does not expect these hurdles to resolve before winter.
JERA Chairman Yukio Kani warns that LNG prices face upward pressure as QatarEnergy extends force majeure on deliveries through November. The disruption at the Strait of Hormuz remains unresolved, threatening global supply stability ahead of the peak winter demand season.
Prices are rising due to prolonged shipping disruptions at the Strait of Hormuz, which have forced QatarEnergy to extend force majeure on LNG deliveries through November.