Force Majeure Issues in Today’s European Gas Market

July 2022
Region: Europe

In recent months, there have been various developments in the global gas market flowing from Gazprom’s sharp reduction in gas supplies to Europe. In view of these events, this piece explores the issues of force majeure, contractual volume flexibility, and the increasing occurrence of missed cargo deliveries and reduced flows in the current market environment. In discussing these issues, we consider various observations for buyers confronting these and similar pressures at this time.