QaterEnergy, Shell Sign 27-Year LNG Supply Deal
(P&GJ) — Affiliates of QatarEnergy and Shell signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of LNG from Qatar to the Netherlands.
Pursuant to the SPAs, the LNG will be delivered to Gate LNG terminal located in the port of Rotterdam starting in 2026 for a term of 27 years.
RELATED: QatarEnergy, TotalEnergies Sign 27-Year LNG Supply Agreement
The LNG volumes will be sourced from the two joint ventures between QatarEnergy and Shell that hold interests in Qatar’s North Field East (NFE) and North field South (NFS) expansion projects.
The SPAs were signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of QatarEnergy, and Wael Sawan, the CEO of Shell, at a special event held in Doha in the presence of senior executives from both companies.
Shell’s partnership in the North Field LNG expansion projects is made up of a 6.25% share in the 32 MTPA NFE project and a 9.375% share in the 16 MTPA NFS project.
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Comments