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Shell, TotalEnergies and others declare FM to their clients who take LNG from Qatar - Reuters’ sources say

Several companies that buy liquefied natural gas (LNG) from QatarEnergy as portfolio players or offtakers — including Shell, TotalEnergies and some firms in Asia — have declared force majeure to customers they supply, three sources told Reuters on Wednesday.

Mar 11, 2026 &03101111202631; 16:10 UTC www.bnnbloomberg.ca Trending 3/5

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Negative for markets

Sentiment score: -65/100

High impact Immediate effect (hours)

WHAT THIS MEANS

Major LNG buyers including Shell and TotalEnergies have declared force majeure to their customers due to supply disruptions from QatarEnergy, signaling significant constraints in global LNG markets and potential energy supply tightness. This development could drive energy prices higher and impact downstream utilities and industrial consumers relying on LNG contracts.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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RDSA.L

RDSA.LStock

Expected to decline

Shell's force majeure declaration signals operational challenges and potential revenue impact from LNG supply disruptions

↓

TTEF.PA

TTEF.PAStock

Expected to decline

TotalEnergies' force majeure on LNG supplies indicates supply chain stress and contractual complications

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

LNG supply constraints typically support crude oil prices as alternative energy sources gain demand

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Euro / US Dollar

EURUSDCurrency

High volatility expected

Energy supply concerns in Europe create currency volatility as markets reassess economic growth and energy costs

↓

Euro Stoxx 50

^STOXX50EIndex

Expected to decline

European energy stocks and broader index pressured by LNG supply disruptions affecting industrial competitiveness

PRICE HISTORY

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⚡ SUGGESTED ACTION

Short energy stocks (RDSA, TTEF) facing operational headwinds, while considering long positions in crude oil (CL=F) and natural gas futures as supply constraints support prices. Monitor for escalation in force majeure declarations across the sector.

KEY SIGNALS

Force majeure declaration by major LNG offtakersQatarEnergy supply disruptionGlobal LNG market tighteningPotential energy price spikeSupply chain stress in energy sector

SECTORS INVOLVED

EnergyUtilitiesOil & GasCommodities

Analysis generated on Mar 12, 2026 at 00:50 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by BNN Bloomberg. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Shell, TotalEnergies and others declare FM to their clients who take LNG from Qatar - Reuters’ sources say

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