QatarEnergy, Shell Sign 27-Year LNG Supply Agreements for up to 3.5 MTPA to Netherlands

 

 

Doha, October 18 (QNA) - 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.

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 HE Minister of State for Energy Affairs, the President and CEO of QatarEnergy Eng. Saad bin Sherida Al Kaabi and CEO of Shell Wael Sawan at a special event held in Doha in the presence of senior executives from both companies.

Commenting on this occasion, HE Eng. Al Kaabi said: "We are delighted to sign these two long-term LNG sale and purchase agreements with Shell that will further enhance our decades-long relationship and strategic partnership in Qatar and around the world. There is no doubt that the contracted LNG volumes underscore the vital role natural gas plays in the energy transition and in supporting energy security of customers across the globe."

"These agreements reaffirm Qatar's commitment to help meeting Europe's energy demands and bolstering its energy security with a source known for its superior economic and environmental qualities. We look forward to work closely with our partner, Shell, in delivering on this shared endeavor," His Excellency added.

Shell's partnership in the North Field LNG Expansion Projects is made up of a 6.25 percent share in the 32 MTPA NFE project and a 9.375 percent share in the 16 MTPA NFS project. (QNA)