Pursuant to the SPA, LNG will be delivered ex-ship to the Fos Cavaou LNG receiving terminal in southern France, with deliveries expected to start in 2026 for a term of 27 years.
The LNG volumes will be sourced from the two joint ventures between QatarEnergy and TotalEnergies that hold interests in Qatar’s North Field East (NFE) and North Field South (NFS) projects.
The two SPA were signed by the Minister of State for Energy Affairs and QatarEnergy President and CEO Saad Sherida Al-Kaabi and TotalEnergies Chairman Patrick Pouyanné during a special event held in Doha, in the presence of senior executives from both companies.
Commitment to the European market
HE Minister Al-Kaabi said that the two new agreements with TotalEnergies demonstrate their continued commitment to the European markets in general, and to the French market in particular, thus contributing to France’s energy security.
He said that the State of Qatar has been supplying the French market with LNG since 2009, and the new agreements only reflect the joint effort of the two trusted partners, QatarEnergy and TotalEnergies, to provide reliable and credible LNG supply solutions to customers across the globe.
Our commitment to ensure continued and reliable supplies of energy to Europe and the rest of the world is underpinned by our substantial and ongoing investments across the entire gas value chain.
He said they are proud that the new LNG expansion in Qatar is the least carbon-intensive project in the world.
Their efforts span from bolstering production capacity in Qatar to the development of the Golden Pass LNG export project in the United States, in addition to commitments in various LNG receiving terminals in Europe, including the Montoir-de-Bretagne LNG Terminal in France.
TotalEnergies’ partnership in the North Field LNG Expansion Projects is made up of a 6.25% share in the NFE project and a 9.375% share in the NFS project.
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