Last mentioned: Mar 24, 2026
Review Completion Target
Expected deadline for the conclusion of the strategic asset portfolio review.
Supply Squeeze Confirmed
Reports confirm a significant drop in LNG arrivals at major Asian ports, triggering a regional ramp-up in coal use.
India Energy Alert
Indian Ministry of Commerce and PPAC begin assessing impact on domestic gas supply and pricing.
Force Majeure Declared
QatarEnergy CEO Saad Sherida Al-Kaabi announces 17% capacity reduction and 5-year repair timeline.
Force Majeure Declared
QatarEnergy announces 17% capacity cut and $20B revenue loss.
Policy Pivot
India and Vietnam announce emergency measures to prioritize coal-fired generation for industrial hubs.
Secondary Attack
Follow-up strikes cause additional damage to LNG Trains 4 and 6.
Secondary Attacks
Further strikes cause extensive damage to LNG Trains 4 and 6.
Initial Missile Strike
First wave of missile attacks hits Ras Laffan Industrial City, targeting LNG infrastructure.
Initial Missile Strike
First wave of attacks hits Ras Laffan Industrial City infrastructure.
Price Spike
Global LNG spot prices jump 35% in a single trading session as insurance rates for the Strait of Hormuz soar.
Market Reaction
Global LNG spot prices (JKM) begin to trend upward in response to supply uncertainty.
Shell Declaration
Shell Plc officially declares force majeure on certain LNG contracts with Asian customers.
TotalEnergies Declaration
TotalEnergies follows with its own force majeure declaration citing the Qatar shutdown.
Facility Shutdown
Reports emerge of technical issues at Qatari LNG liquefaction trains causing a production halt.
Conflict Escalation
Hostilities in the Persian Gulf lead to the first major disruptions in LNG tanker schedules.
FY25 Earnings Release
Santos officially reports a decline in profit and sales due to weak commodity prices.
Restructuring Confirmed
Management confirms job cuts and the commencement of a global asset review.
Workforce Reduction Leaks
Initial reports surface regarding a 10% headcount cut at Santos.
Repair Window
Estimated five-year period required for full facility restoration.
A widening conflict involving Iran has severely restricted global Liquefied Natural Gas (LNG) availability, forcing major Asian economies to ramp up coal consumption to ensure energy security. This shift threatens to derail regional decarbonization targets while driving a resurgence in global coal prices.
The escalating conflict involving Iran has triggered a severe squeeze on global Liquified Natural Gas (LNG) supplies, forcing major Asian economies to ramp up coal consumption to ensure energy security. This strategic retreat from cleaner-burning gas highlights the fragility of regional decarbonization goals in the face of geopolitical instability.
A deepening conflict involving Iran has severely constrained global Liquefied Natural Gas (LNG) supplies, forcing major Asian economies to ramp up coal consumption to maintain energy security. This strategic shift highlights the fragility of energy supply chains and signals a temporary retreat from regional decarbonization targets.
A targeted Iranian attack on a critical Qatari gas facility has triggered a systemic energy supply shock across the European Union. This disruption threatens to sustain high energy costs for years, forcing a radical recalibration of industrial logistics and procurement strategies.
Missile attacks on Qatar's Ras Laffan Industrial City have crippled 17% of the nation's LNG export capacity, triggering a five-year repair timeline and $20 billion in annual revenue losses. The disruption poses a severe energy security risk to India, which relies on Qatar for nearly half of its liquefied natural gas imports.
Missile strikes on Qatar's Ras Laffan Industrial City have crippled 17% of the nation's LNG export capacity, triggering a five-year repair window and $20 billion in annual revenue losses. The disruption poses a severe energy security risk to India, which relies on Qatar for nearly half of its liquefied natural gas imports.
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.
Energy giants Shell and TotalEnergies have invoked force majeure on LNG delivery contracts from Qatar, citing an ongoing shutdown of liquefaction facilities. The move signals a major disruption to global natural gas supplies, particularly impacting Asian utilities that rely on long-term Qatari exports.
Shell Plc and TotalEnergies have invoked force majeure clauses on liquefied natural gas (LNG) delivery contracts sourced from Qatar, citing an ongoing operational shutdown in the Gulf state. The move primarily affects Asian buyers, threatening energy security in key markets and signaling a significant tightening of global LNG supply chains.
Australian energy giant Santos Ltd has announced a 10% reduction in its global workforce and a strategic review of its assets following a significant decline in full-year profit. The restructuring aims to streamline operations and preserve capital amid a period of volatile global natural gas prices and rising operational costs.