QatarEnergy extends force majeure on Edison_(company)

QatarEnergy>>> has extended a force majeure, notifying Italian utility EITC>>> of the cancellation of five additional liquefied natural gas (LNG) cargoes, pushing the disruption from early July until mid-August. This brings the total volume of affected gas to approximately 2.2 billion cubic meters across 17 cargoes. The disruptions, linked to the Iran>>> war, have severely impacted EITC>>>'s financial performance, causing its first-quarter operating profit to halve and leading to a trimmed full-year guidance. EITC>>>, a unit of French energy group Électricité de France>>>, is actively seeking alternative LNG supplies, primarily from the United States>>>, and has already replaced nine of the cancelled cargoes. Despite the significant shortfall, EITC>>> has confirmed that it does not anticipate any impact on its end customers in Italy>>>. LNG from the Golden Pass LNG facility in the United States>>>, a joint venture between QatarEnergy>>> and ExxonMobil>>>, is expected to begin arriving in Italy>>> from June.