QatarEnergy to supply LNG to Netherlands for 27 years

QatarEnergy

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.

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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.