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QatarEnergy and Enoc sign gas byproduct supply deal

By Pramod Kumar
In addition to service stations, Adnoc Distribution has also launched Adnoc Oasis convenience stores, offering goods tailored to Egyptian customers 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.

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.

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