Under the terms of the sale and purchase agreements, the Qatar Government-owned company will supply up to 3.5 million tonnes per annum (mtpa) of LNG.
Starting in 2026, the LNG will be delivered to the Gate LNG terminal in the Port of Rotterdam for a period of 27 years.
The LNG to be shipped will come from joint ventures between Shell and QatarEnergy that own stakes in the expansion projects of North Field South (NFS) and North Field East (NFE) in Qatar.
Shell owns a 9.375% stake in the 16mtpa NFS project and a 6.25% stake in the 32mtpa NFE project.
QatarEnergy president and CEO Saad Sherida 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.”
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“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[ing] closely with our partner, Shell, in delivering on this shared endeavour.”
Over the course of 27 years, Qatar will deliver 3.5mtpa of LNG ex-ship to the Fos Cavaou LNG facility in France, beginning in 2026.
Last month, QatarEnergy signed a ten-year naphtha supply agreement with Marubeni Petroleum, a Japanese company.