TotalEnergies’ CEO Patrick Pouyanne says that the company has decided not to declare force majeure to any of its liquefied natural gas (LNG) customers, and that it would respect all the LNG contracts in terms of price and volume, Reuters reports.
“We said to our customers we will not invoke force majeure and not deliver the gas … We want to be security of supply for our customers,” Pouyanne said. “Yes, we’ll miss energy coming from Qatar and Abu Dhabi, but our portfolio is large enough to redirect part of it.”
Analysts estimate TotalEnergies takes 5.2 million metric tons per annum (mtpa) from its share of the QatarEnergy LNG trains.
