Oil & Gas QatarEnergy to supply LNG to China from next year By Pramod Kumar December 3, 2024, 11:26 AM QatarEnergy The LNG deliveries to China will commence in January 2025 QatarEnergy has signed a long-term agreement with Singapore-based Shell to supply three million tonnes per annum (mtpa) of liquefied natural gas (LNG) to China. The LNG deliveries will commence in January 2025. No financial details were given. The agreement underscores the continued growth of China’s LNG market, which is expected to become the largest globally. Saad Al-Kaabi, president and CEO of QatarEnergy, said that the agreement helps meet the requirements of Shell’s end customers in China. QatarEnergy to acquire stake in Egyptian exploration basin QatarEnergy LNG awards $4bn contract to Saipem QatarEnergy signs $2bn deal with Chinese shipyard In October, QatarEnergy signed the “largest and longest” agreement to supply up to 18 million tonnes of naphtha to Shell, starting from April 2025. Last month, the state-backed company signed an agreement with France’s TotalEnergies to acquire additional stakes in two exploration blocks in the Orange Basin, off Namibia. Qatar is the world’s largest LNG supplier and plans to expand output to 126 mtpa by 2027, from 77 million tonnes currently, under the two-phase North Field expansion project.
Mining Ma’aden signs $1bn contracts to develop industrial cities Saudi mineral giant Ma’aden has signed three contracts worth a combined $922 million with foreign companies to develop a third phosphate fertiliser project. The majority state-owned Saudi mining company announced the agreements in a note to the Saudi bourse on Thursday, coinciding with the final day of the Future Minerals Forum in Riyadh. Ma’aden is […] 4 hours ago
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EXCLUSIVE Aviation Wizz Air increases flights from UAE to Israel after ceasefire The budget carrier Wizz Air is increasing the number of flights between Abu Dhabi and Tel Aviv after the ceasefire agreement between Israel and Hamas. The airline had previously scaled back its Tel Aviv-Abu Dhabi service to four flights a week because of the conflict, down from its pre-crisis schedule of two flights a day. […] 6 hours ago
