Orlen stock ends Qatar LNG deal as force majeure halts deliveries

Published on 11/11/2026 at 18:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orlen stock faces a strategic LNG reset after the group ended one QatarEnergy supply deal. A second contract remains in place through 2034.

Orlen reshapes LNG supply strategy

Orlen ended one QatarEnergy agreement after prolonged delivery disruptions.
A second QatarEnergy contract remains in place through 2034.
The company says domestic production and other long-term agreements cover group demand.

Orlen, PLPKN0000018, Illustration mit AI erstellt.

Orlen said on Tuesday, November 10, that it had terminated one of its two long-term liquefied natural gas agreements with QatarEnergy after prolonged force majeure prevented deliveries. The decision changes the Polish energy group's supply mix while leaving a second QatarEnergy contract in place.

The Polish Press Agency PAP reported that the terminated agreement was signed in 2009 by Polish Oil and Gas Company, now part of Orlen. It covered annual deliveries of 1 million tonnes of LNG, equivalent to approximately 15.3 TWh, and was scheduled to run until 2034. Orlen estimated its 2026 value at EUR 570 million.

Second Qatar contract remains active

The terminated agreement will remain in force for another 60 days after the notice. Orlen's separate QatarEnergy contract covers up to 1 million tonnes per year under a formula linked to gas-market prices and remains valid through 2034.

Orlen said the termination does not threaten gas security. The group pointed to its own production and existing long-term supply agreements as sufficient to cover demand. For investors, the move removes one disrupted supply arrangement but keeps QatarEnergy exposure through the second contract.

Orlen stock traded at 28.89 euros on Lang & Schwarz at 18:10 CET on Wednesday, November 11.