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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell    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 CEST

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 [email protected]

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

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Financials ($)
Sales 2017 293 589 M
EBIT 2017 21 198 M
Net income 2017 15 803 M
Debt 2017 60 764 M
Yield 2017 6,99%
P/E ratio 2017 13,68
P/E ratio 2018 12,71
EV / Sales 2017 0,95x
EV / Sales 2018 0,86x
Capitalization 217 102 M
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Charles Holliday Chairman
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