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Associates of QatarEnergy and TotalEnergies have signed two long-term LNG sale and buy agreements (SPAs) for the provision of as much as 3.5 million tpy of LNG from Qa-tar to France.
Pursuant to the SPAs, LNG shall be delivered ex-ship to the Fos Cavaou LNG receiving terminal in southern France, with deliveries anticipated to begin in 2026 for a time period of 27 years.
The LNG volumes shall be sourced from the 2 joint ventures between QatarEnergy and TotalEnergies that maintain pursuits in Qatar’s North Subject East (NFE) and North area South (NFS) initiatives.
The SPAs have been signed by Saad Sherida Al-Kaabi, the Minister of State for Vitality Affairs, the President and CEO of QatarEnergy, and Patrick Pouyanné, the Chairman and CEO of TotalEnergies, at a particular occasion held in Doha within the presence of senior executives from each corporations.
Minister Al-Kaabi stated: “These two new agreements now we have signed with our accomplice TotalEnergies, show our continued dedication to the European markets generally, and to the French market specifically, thus contributing to France’s power safety. The State of Qatar has been supplying the French market with LNG since 2009, and the brand new agreements replicate the joint effort of two trusted companions, QatarEnergy and TotalEnergies, to offer dependable and credible LNG provide options to prospects throughout the globe.”
“Our dedication to make sure continued and dependable provides of power to Europe and the remainder of the world is underpinned by our substantial and ongoing investments throughout the whole gasoline worth chain. We’re proud that our new LNG enlargement in Qatar is the least carbon intensive venture on the earth. Our efforts span from bolstering manufacturing capability in Qatar to the event of the Golden Cross LNG export venture within the US, along with our commitments in varied LNG receiving terminals in Europe, together with the Montoir-de-Bretagne LNG Terminal in France.”
TotalEnergies’ partnership within the North Subject LNG Growth Initiatives is made up of a 6.25% share within the NFE venture and a 9.375% share within the NFS venture.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/11102023/qatarenergy-and-totalenergies-sign-27-year-lng-spa/
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