Qatar Update

Pearl GTL

  - Recognising QatarEnergy’s statement on 19 March 2026, we confirm no damage to train one and an initial assessment of around one year for full repair of train two at the Pearl GTL (Gas-to-Liquids) facility.

LNG

  - Shell has 30% interest in QatarEnergy LNG N(4) equating to 2.4 MTPA of equity production.
  - QatarEnergy LNG N(4) has not been impacted during the attacks on 18 March 2026.
  - The plant is an integrated onshore processing facility, operated by QatarEnergy LNG, which can process around 1400 million scf/d from Qatar’s North Field.
  - We also have LNG supply contracts from other QatarEnergy LNG facilities.
  - QatarEnergy shut in production on 2 March 2026 across all LNG facilities and subsequently declared force majeure.

Q1 2026 financial impacts will be provided in the Quarterly Update Note due to be published on 8 April 2026.

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Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.

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