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Shell to receive 1.1m mtpa of LNG from Qatargas over five years

19 Jun 2017 13:48 GMT

Agreement follows LNG bunkering tie-up signed last week.



Qatargas and Shell have signed a sale and purchase agreement (SPA) that will see Qatargas deliver up to 1.1 million tonnes of liquefied natural gas (LNG) per annum to Shell over a period of five years.

Commencing in January 2019, the SPA provides for the supply of LNG from Qatar Liquefied Gas Company Ltd - a joint venture between Qatar Petroleum (70%) and Shell (30%).

It is expected that the LNG will be delivered to either the Dragon LNG Terminal in the UK or the Gate LNG Terminal in the Netherlands.

The SPA follows the framework agreement signed last week between Qatargas and Shell to develop LNG bunkering infrastructure at "strategic shipping locations" across the globe.

Khalid Bin Khalifa Al-Thani, CEO of Qatargas, said: "This deal provides Qatargas with access to Shell's gas sales portfolio in the United Kingdom and continental Europe, as well as the flexibility to manage LNG deliveries to our global client portfolio."

Maarten Wetselaar, Director of Integrated Gas at Shell, remarked: "Agreements like this support our ability to provide reliable, flexible LNG supply to our customers. We strongly believe natural gas has a vital role to play in providing secure and cleaner energy for decades to come."

Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum, and chairman of the Qatargas board of directors, said: "Qatargas continues to win new business in an evolving market, and this SPA demonstrates Qatargas' ability and flexibility to capture new opportunities."




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