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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29

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ROYAL DUTCH SHELLA : Shell Lifts Force Majeure on Gas Supply to Nigeria LNG

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11/16/2012 | 12:46pm CET

LONDON--Royal Dutch Shell PLC (RDSA) has lifted its force majeure on gas supplies to Nigeria Liquefied Natural Gas, a company spokesman said Friday.

The force majeure was lifted on Nov. 8, the spokesman said, after being put in place in early October because of a fire caused by oil theft on the Bomu-Bonny trunkline that hampered supply to Nigeria LNG.

A force majeure on Shell's exports of Bonny Light and Forcados crude oil, declared later in October, remains in place, the spokesman added. Supply of Bonny Light was also affected by the fire on the Bomu-Bonny trunkline, while other incidents of oil theft and severe flooding in the Niger Delta dented supply of both Bonny Light and Forcados crude in the last month.

The spokesman didn't say when this force majeure will be lifted.

A force majeure is declared when a company is unable to fulfill its contractual obligations to deliver the crude due to circumstances beyond its control.

Write to Sarah Kent at sarah.kent@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ($)
Sales 2016 232 179 M
EBIT 2016 10 971 M
Net income 2016 7 705 M
Debt 2016 70 582 M
Yield 2016 7,17%
P/E ratio 2016 22,14
P/E ratio 2017 13,36
EV / Sales 2016 1,24x
EV / Sales 2017 1,01x
Capitalization 216 180 M
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