Qatar
On March 11, 2026, Shell, the world's largest liquefied natural gas (LNG) trader, declared force majeure on LNG cargoes it purchases from QatarEnergy and sells to clients worldwide. This decision follows Qatar's announcement of a production halt at its Ras Laffan and Mesaieed facilities on March 2, 2026, after Iranian attacks targeted energy infrastructure.
Qatar, the world's second-largest LNG exporter, declared force majeure on LNG shipments due to the production halt. Other Qatari LNG buyers, including TotalEnergies and some Asian companies, have received similar notices from Qatar and have informed customers of the suspension of Qatari LNG sales as long as the facilities remain closed.
The force majeure declarations indicate significant disruptions in the global LNG supply chain. Analysts estimate that Shell takes 6.8 million tonnes per annum (mtpa) of Qatari LNG, while TotalEnergies takes 5.2 mtpa. The production halt and subsequent force majeure declarations are expected to impact global energy markets, potentially leading to increased LNG prices and supply shortages.
Qatari Energy Minister Saad al-Kaabi stated that it would take "weeks to months" to return to normal deliveries, even if the conflict ended immediately. The situation underscores the vulnerability of global energy supplies to geopolitical tensions and highlights the importance of diversifying energy sources and routes.
