TotalEnergies (TTE FP) and Shell (SHEL LN) are among those to have reportedly declared a force majeure to clients who take LNG from Qatar, according to sources

TotalEnergies (TTE FP) and Shell (SHEL LN) are among those to have reportedly declared a force majeure to clients who take LNG from Qatar, according to sources.

The declaration of force majeure by TotalEnergies and Shell regarding LNG supplies from Qatar is significant, as it could disrupt energy flows to Europe and intensify supply concerns. This move likely reflects escalating geopolitical tensions in the region, impacting energy prices and market sentiment, particularly in hydrocarbons like WTI and European equities linked to the energy sector.