New Delhi, March 4 -- Qatar Energy has announced that it would halt production of its liquefied natural gas (LNG) and associated products, declaring force majeure, affecting buyers and stakeholders.

This move comes amid escalating tensions in West Asia and after its energy infrastructure was targeted, including the Strait of Hormuz, a critical oil shipping route, which is currently under threat.

A force majeure notice is a formal contract notice sent when an unforeseen, uncontrollable event, such as war or a natural disaster, prevents a party from meeting its obligations.

"QatarEnergy declares Force Majeure. Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy...