Binding and expanded agreements for LNG supply have been secured, despite the ongoing conflict resetting the supply and demand backdrop.
1 report, 1 independent
Updated Jun 17
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What happened
Binding and expanded agreements for LNG supply have been secured, despite the ongoing conflict resetting the supply and demand backdrop.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The Middle East faces instability, with Iran central to the conflict, while the closure of the Strait of Hormuz harms the global economy.Also in this story
- Beijing calls for dialogue on regional issues and urges commitment to a peace process in the Middle East.
- SABIC declared force majeure due to the US/Iran war, causing disruptions in the Hormuz strait that altered styrene trade flows, prompting India to seek new supplies.
The entities involved
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TotalEnergies
French multinational energy and petroleum company
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Greece
country in Southeast Europe
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Vitol
Dutch petroleum company