QatarEnergy and Shell agree on 27-year LNG supply to the Netherlands
QatarEnergy and Shell, through their affiliates, have signed two long-term LNG sale and purchase agreements for the supply of LNG from Qatar to the Netherlands.
Pursuant to the agreements, up to 3.5 million tons per annum (mtpa) of LNG will be delivered to the Gate LNG terminal in the port of Rotterdam starting in 2026 for a term of 27 years.
Shell’s partnership in the North Field LNG expansion projects is made up of a 6.25% share in the 32 mtpa NFE project and a 9.375% share in the 16 mtpa NFS project.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy 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.”
In a bid to fortify the European energy security, QatarEnergy recently signed two long-term LNG sale and purchase agreements with TotalEnergies for the supply of up to 3.5 mtpa of LNG from Qatar to France. The LNG will be delivered to the Fos Cavaou LNG receiving terminal in southern France from 2026 for a term of 27 years.