Qatar Petroleum and Shell announce formation of joint venture company

Today Qatar Petroleum (QP) and Royal Dutch Shell plc (Shell) announced the incorporation of Qatar Liquefied Gas Company Limited (4), a joint venture between an affiliate of QP (70%) and an affiliate of Shell (30%), which will own the Qatargas 4 project’s onshore and offshore assets. At the same event, this newly formed joint venture company signed a sale and purchase agreement (SPA) with a Shell affiliate as buyer of all the LNG volume produced by this large-scale project.