Last mentioned: Mar 19, 2026
Force Majeure Declared
Shell and TotalEnergies officially notify customers of their inability to fulfill LNG delivery contracts from Qatar.
Market Reaction
Energy analysts monitor the Japan-Korea Marker (JKM) for potential price spikes in the Asian spot market.
Production Shutdown
Reports confirm that the force majeure stems from a significant operational halt at Qatari liquefaction facilities.
A tightening global Liquefied Natural Gas (LNG) market has forced major Asian utilities to increase coal consumption to ensure grid stability. This shift highlights the growing tension between energy security and decarbonization goals as high spot prices make gas-fired power economically unviable.
A global supply squeeze in Liquefied Natural Gas (LNG) is forcing major Asian utilities to pivot back to coal-fired power generation to ensure grid stability. This shift highlights the fragility of the 'bridge fuel' strategy and threatens regional decarbonization targets as energy security takes precedence over emissions reductions.
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.