Qatar, the world’s second-largest LNG exporter, announced a production halt at its 77 million tons per annum (mtpa) facility last week and declared force majeure on LNG shipments.
Shell , the world’s largest LNG trader, declined to comment. TotalEnergies did not immediately respond to Reuters request for comment. Both companies have long-term partnerships with QatarEnergy and are partners in the company’s massive North Field expansion project which aims to boost capacity by 2027. Analysts estimate Shell takes 6.8 million tons per annum (mtpa) of Qatari LNG, while TotalEnergies takes 5.2 mtpa and sells them to their clients worldwide.
–Reuters–
