Skip to content Skip to Search
Skip navigation

QatarEnergy to supply LNG to Netherlands for 27 years

Shell CEO Wael Sawan and QatarEnergy CEO Saad Al Kaabi sign the supply deal. The LNG will be delivered to the Netherlands port of Rotterdam from 2026 QatarEnergy
Shell CEO Wael Sawan and QatarEnergy CEO Saad Al Kaabi sign the supply deal. The LNG will be delivered to the Netherlands port of Rotterdam from 2026

A 27-year LNG supply deal has been signed between state-owned QatarEnergy and London-based Shell to bolster Europe’s energy security.

Affiliates of QatarEnergy and Shell signed two long-term LNG supply agreements for up to 3.5 million tonnes per annum (mtpa) of LNG from Qatar to the Netherlands.

The LNG will be delivered to the Gate LNG terminal in the port of Rotterdam from 2026.

The LNG volumes will be sourced from the two joint ventures between QatarEnergy and Shell that hold interests in the North Field East (NFE) and North Field South (NFS) expansion projects.

Qatar’s energy minister and CEO of QatarEnergy Saad Al Kaabi said that the contracted LNG volumes underscore natural gas’s vital role in the energy transition and in supporting energy security.

Shell owns a 6.25 percent stake in the NFE project and a 9.37 percent share in the NFS project.

QatarEnergy last week signed two long-term agreements with France’s TotalEnergies for the supply of up to 3.5 mtpa of LNG.

In June the company signed a 27-year supply agreement with China National Petroleum Corporation for four million metric tonnes of LNG per year. It also signed a deal with China’s Sinopec in November 2022 to export four mtpa of LNG for 27 years.

Latest articles

The Saudi government is trying to raise home ownership among nationals to 70 percent of the population by 2030, which is helping to drive up residential property prices

Residential price rise counters slip in Saudi commercial property

Residential property was the driving force behind a rise in Saudi Arabian real estate prices in the first quarter of 2024 as prices of commercial real estate fell, government statistics released this week showed.  The overall real estate price index rose by 0.6 percent compared with the same quarter in 2023. But while there was […]

Residents in Muscat. Oman's government is taking steps to increase the size of its debt market

Sukuk takes bigger slice of Oman’s shrinking debt market

Oman’s total debt capital market contracted by 7 percent to $44 billion last year as the government took advantage of its budget surplus from higher oil and gas prices to make early payments. The energy boon helped its budget surplus total $2.4 billion. Despite the shrinking debt market Fitch Ratings said sukuk issuance in Oman […]

Marcel Ciolacu, Romania's PM, speaks to reporters in Rome. He is now in Qatar for trade talks

Romania touts $16bn of opportunities as PM visits Qatar

Romania is looking to secure €15 billion ($16 billion) of investment from Qatar during a visit by its prime minister, Marcel Ciolacu. He is set to hold talks with Qatar’s prime minister and minister of foreign affairs, Mohammed bin Abdulrahman bin Jassim Al Thani. Ciolacu is also due to have discussions with representatives of Qatar […]

The under-construction Zayed National Museum in Abu Dhabi

UAE wealth fund ADQ buys stake in Abu Dhabi builder

UAE sovereign wealth fund ADQ is acquiring a stake in the construction company building the Guggenheim and Zayed National museums in Abu Dhabi. Alpha Dhabi Holding (ADH), an investment holding company, announced in a filing to the Abu Dhabi Stock Exchange on Tuesday that it will divest 49 percent of its subsidiary Alpha Dhabi Construction […]