​QatarEnergy signs second naphtha deal with Japan

QatarEnergy has signed a second long-term naphtha supply agreement with a Japanese company.

The state-backed gas producer will provide Eneos Corporation, a refining and petrochemical company, with up to 9 million tonnes of naphtha – a partially refined petroleum product commonly used as a solvent – over 10 years starting in July. 

The agreement is the “largest and longest commitment” in more than a decade of collaborations between the two companies.

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The value of the deal was not given.

Eneos Corporation, wholly owned by Eneos Holdings, is Japan’s largest refining and petrochemical company. It was established in 1888 under the name of Nippon Oil Corporation.

Earlier this month QatarEnergy agreed to supply six million tonnes of naphtha to Idemitsu Kosan Company, a Japanese refining and petrochemicals company, over the next 10 years from July.

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Qatar, one of the world’s top LNG exporters, announced plans in February for an 85 percent expansion in LNG production from its North field’s current 77 million tonnes per annum (mpta) to 142 mpta by 2030.

Previously, the company was planning to expand up to 126 mpta.