Blue House Considers Additional Measures for Naphtha Supply Stability... No Issues with Qatari LNG

Concerns Over Naphtha Supply Disruptions From the Middle East
Blue House: "Export Control Measures to Be Implemented"

The Office of the President stated on March 20 that it is "considering the possibility of additional measures necessary to stabilize the industrial supply chain" regarding potential disruptions in the naphtha (naphtha) supply caused by instability in the Middle East.

An official from the Office of the President said on this day, "The government is closely communicating with the industry to address concerns over the naphtha supply due to the situation in the Middle East and is supporting the introduction of alternative naphtha sources."

The official further explained, "As previously announced, export control measures will be implemented to minimize the outflow of naphtha overseas."

Regarding the supply of Qatari liquefied natural gas (LNG), the official stated, "The import share is not high this year, at around 14%, and there are alternative import sources available, so there is no problem with the gas supply."

However, the official added, "Given the increased uncertainty, we will closely monitor both supply and prices and respond accordingly."

Previously, QatarEnergy (QE), the state-owned energy company of Qatar, announced that after its LNG facilities were attacked, it may declare 'force majeure' for up to five years on long-term supply contracts it has signed with South Korea and others.

Force majeure is a measure invoked to relieve parties of contractual responsibilities when fulfillment becomes difficult due to war, natural disasters, or other uncontrollable events.

This content was produced with the assistance of AI translation services.