Shell declares force majeure on Qatari LNG after QatarEnergy halt
TL;DR
Shell has declared force majeure on LNG cargoes bought from QatarEnergy and sold to clients worldwide after Qatar halted production at its 77 mtpa LNG facility; other buyers such as TotalEnergies have reportedly received similar notices. The notices suggest March deliveries may be unaffected, but the impact will be felt from April as deliveries tighten, with Shell and TotalEnergies long-time partners in QatarEnergy’s expansions. Analysts estimate Shell’s intake of Qatari LNG at about 6.8 mtpa.
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