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Associates of QatarEnergy and Shell have signed two long-term LNG sale and buy agreements (SPAs) for the availability of as much as 3.5 million tpy of LNG from Qatar to the Netherlands.
Pursuant to the SPAs, the LNG will likely be delivered to Gate LNG terminal situated within the port of Rotterdam beginning in 2026 for a time period of 27 years.
The LNG volumes will likely be sourced from the 2 joint ventures between QatarEnergy and Shell that maintain pursuits in Qatar’s North Area East (NFE) and North subject South (NFS) enlargement 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 Wael Sawan, the CEO of Shell, at a particular occasion held in Doha within the presence of senior executives from each firms.
Minister Al-Kaabi stated: “We’re delighted to signal these two long-term LNG SPAs with Shell that may additional improve our decades-long relationship and strategic partnership in Qatar and around the globe. There isn’t a doubt that the contracted LNG volumes underscore the important position pure fuel performs within the power transition and in supporting power safety of consumers throughout the globe.”
Al-Kaabi added: “These agreements reaffirm Qatar’s dedication to assist assembly Europe’s power calls for and bolstering its power safety with a supply recognized for its superior financial and environmental qualities. We stay up for work intently with our companion, Shell, in delivering on this shared endeavour.”
Shell’s partnership within the North Area LNG Enlargement Initiatives is made up of a 6.25% share within the 32 million tpy NFE undertaking and a 9.375% share within the 16 million tpy NFS undertaking.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/24102023/qatarenergy-and-shell-sign-27-year-lng-supply-agreements/
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