Energy QatarEnergy and Enoc sign gas byproduct supply deal By Pramod Kumar July 11, 2023, 5:46 AM Wam In addition to service stations, Adnoc Distribution has also launched Adnoc Oasis convenience stores, offering goods tailored to Egyptian customers State-run QatarEnergy and Dubai’s Emirates National Oil Company (Enoc) Group have signed a long-term deal to supply condensate, a natural gas byproduct. Under the 10-year agreement, the Qatari energy company will supply up to 120 million barrels of condensates to Enoc from this month, QatarEnergy said in a statement. “We are pleased to sign this long-term condensate sale agreement, further strengthening QatarEnergy’s relationship with Enoc, which extends back to 2008,” said Qatar’s energy minister and QatarEnergy CEO Saad Al Kaabi. QatarEnergy signs long-term LNG deal with CNPC Qatar plans $5bn investment to fuel Iraqi economy Oil and gas account for 92% of Qatar’s Q1 budget surplus The deal allows for an increase in the volumes exported to Enoc once additional condensate volume becomes available when the expansion of gas production from Qatar’s north fields – east and south – come online. The move is part of QatarEnergy’s strategy to establish direct sales with end-users and build strategic business relationships. QatarEnergy signed its second long-term liquefied natural gas supply agreement with China National Petroleum Corporation last month. In November, the company signed a 27-year pact with China’s Sinopec for the supply of four million tonnes a year. The Qatari energy firm has already signed a $10 billion contract with a joint venture headed by French engineering and technology company Technip Energies to substantially increase the capacity of the North Field South gas project.
