Shell PLC

Company SHEL

Last mentioned: 4d ago

Timeline

  1. Force Majeure Declared

    Shell and TotalEnergies officially notify customers of their inability to fulfill LNG delivery contracts from Qatar.

  2. Market Reaction

    Energy analysts monitor the Japan-Korea Marker (JKM) for potential price spikes in the Asian spot market.

  3. Production Shutdown

    Reports confirm that the force majeure stems from a significant operational halt at Qatari liquefaction facilities.

Stories mentioning Shell PLC 1

Commodities Bearish

Shell and TotalEnergies Declare Force Majeure on Qatari LNG Supplies

Shell and TotalEnergies have invoked force majeure on liquefied natural gas (LNG) contracts following an unexpected shutdown of production facilities in Qatar. The move signals a significant disruption in global energy flows, particularly impacting long-term supply agreements with major Asian importers.

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