Affiliates of QatarEnergy and Shell signed two long-term LNG sale and purchase agreements (SPA) for the supply of up to 3.5 million tonnes per annum (MTPA) of LNG from Qatar to The Netherlands.
Pursuant to the SPAs, the LNG will be delivered to the 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 agreements were signed by the Minister of State for Energy Affairs and QatarEnergy President and CEO, HE Saad Sherida Al-Kaabi and Shell CEO Wael Sawan during a special event in Doha. The signing ceremony was also attended by senior executives from both companies.
HE Minister Al-Kaabi said they are delighted to sign the two long-term LNG sale and purchase agreements with Shell that he said will further enhance their 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 the energy security of customers across the globe.
HE Minister Al-Kaabi added that these agreements reaffirm Qatar’s commitment to help meet Europe’s energy demands and bolster its energy security with a source known for its superior economic and environmental qualities. He said they look forward to working closely with Shell in delivering on this shared endeavour.
Shell’s partnership in the North Field LNG Expansion Projects comprises a 6.25% share in the 32 MTPA NFE project and a 9.375% share in the 16 MTPA NFS project.
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