Market Chatter: Shell, TotalEnergies Declare Force Majeure to LNG Customers After Qatar Supply Halt

MT Newswires Live03-11

Shell (SHEL) TotalEnergies (TTE) have declared force majeure to customers they supply with liquefied natural gas (LNG) from Qatar, Reuters reported Wednesday, citing unnamed sources.

The companies are among several buyers of Qatari LNG - including some firms in Asia - that act as portfolio players or offtakers and resell the fuel to global clients, the report said.

Qatar, the world's second-largest LNG exporter, halted production at its 77-million-ton-per-year facility last week. State producer QatarEnergy also declared force majeure on LNG shipments, the report noted.

Shell and TotalEnergies did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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