Shell declares force majeure on LNG contracts from Qatar
Summary
Shell, a major player in the liquefied natural gas (LNG) market, has announced force majeure on LNG deliveries from Qatar due to a production halt. This situation affects Shell's ability to supply LNG to its clients and is also impacting other companies buying LNG from Qatar.Key Facts
- Shell declared force majeure on LNG cargoes from Qatar, citing production halts.
- Qatar is the world's second-largest exporter of LNG.
- Force majeure is a term used when events outside one's control release parties from legal obligations without penalty.
- Other companies like TotalEnergies have not declared force majeure but have received notices from Qatar.
- Omani company OQ also declared force majeure due to the halted supply from Qatar.
- QatarEnergy is facing challenges returning to normal deliveries, which they say could take weeks to months.
- Shell holds long-term partnerships with QatarEnergy and usually takes 6.8 million tonnes per annum of Qatari LNG.
- The production halt affects shipments starting from April according to sources.
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