UAE president visits Qatar in sign of warming ties<\/a><\/strong><\/em><\/p>\nQatari LNG from the massive North Field LNG production expansion project will be delivered to Gate LNG terminal at the Port of Rotterdam beginning in 2026.<\/p>\n
\u201cThe LNG volumes will be sourced from the two joint ventures between QatarEnergy and Shell that hold interests in Qatar\u2019s North Field East (NFE) and North Field South (NFS) expansion projects,\u201d QatarEnergy said in a statement.<\/p>\n
Shell holds a 6.25% stake in the North Field East project and a 9.375% share in the North Field South project.<\/p>\n
The deal follows an identical one between QatarEnergy and TotalEnergies last week, until then Qatar\u2019s biggest and longest gas supply deal with Europe.<\/p>\n
Asia, with an appetite for long-term sales and purchase agreements, has thus far outpaced Europe in locking in supply from Qatar\u2019s two-phase expansion plan that will raise its liquefaction capacity to 126 million metric tons a year by 2027 from 77 million.<\/p>\n
Qatar Energy has signed deals to supply LNG from the expansion to Asian buyers over the past year in China and elsewhere.<\/p>\n
The Asian deals include a 27-year supply agreement with China\u2019s Sinopec sealed in November last year for 4 million metric tons a year and an identical one signed in June with China National Petroleum Corporation (CNPC).<\/p>\n
Qatar is the world\u2019s top LNG exporter and competition for LNG has ramped up since the beginning of the war in Ukraine, with Europe in particular needing vast amounts to help replace Russian pipeline gas that used to make up almost 40% of the continent\u2019s imports.<\/p>\n
\u201cThese agreements reaffirm Qatar\u2019s commitment to help meeting Europe\u2019s energy demands and bolstering its energy security with a source known for its superior economic and environmental qualities,\u201d QatarEnergy chief Saad al-Kaabi said in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Qatar Energy has signed deals to supply LNG from the expansion to Asian buyers over the past year in China and elsewhere. Qatar has agreed to supply Italian firm Eni with natural gas for 27 years, the Gulf emirate\u2019s state-owned energy company announced Monday, the latest in a series of major deals. Doha will supply […]<\/p>\n","protected":false},"author":8,"featured_media":8193,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,3],"tags":[470,10134,10133,10135],"class_list":["post-19627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-world","tag-china","tag-north-field-lng","tag-qatar-energy","tag-qatars-north-field-east"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/19627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=19627"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/19627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/8193"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=19627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=19627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=19627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}