Because of Hormuz: Poland cancels billion-euro gas contract with Qatar

Polish energy company Orlen is canceling a massive gas contract with Qatar Energy, worth 570 million euros for 2026 alone, citing a force majeure clause due to the blockade of the Strait of Hormuz. Another contract between the companies will remain in effect.

Polish energy company Orlen has announced the cancellation of a long-term contract with Qatar Energy, Qatar's state-owned gas supplier, invoking a force majeure clause. The reason: supply disruptions caused by the blockade of the Strait of Hormuz by Iran, since the start of the war by the US and Israel. The contract, for the purchase of liquefied natural gas (LNG), is valued at billions of euros until its conclusion in 2034, with 2026 alone amounting to 570 million euros. However, another contract between the two companies, also set to run until that date, will remain in effect. Orlen also imports gas from Norway and the US, and is likely to significantly increase imports from them. Qatar Energy has not responded to the reports. Gas exports are one of Qatar's major sources of income, and such cancellations harm its status as a reliable exporter in the long term.