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00:02Several companies that buy liquefied natural gas from Qatar Energy, including Shell,
00:07Total Energies, and some Asian firms, have declared force majeure to customers they supply,
00:11according to Reuters. Qatar, the world's second-largest LNG exporter, halted production
00:17last week at its 77 million tons per annum facility and declared force majeure on LNG
00:22shipments. Shell declined to comment, and Total Energies did not immediately respond to Reuters.
00:27Both companies hold long-term partnerships with Qatar Energy and are partners in the
00:32Northfield expansion project aimed at boosting capacity by 2027. Analysts estimate Shell takes
00:376.8 million tons per annum of Qatari LNG and Total Energies takes 5 points UNPA. Qatar's
00:44energy minister said normal deliveries could take weeks to months to resume, even if the
00:48war ended today. For all things money, visit Benzinga.com.
