QatarEnergy and Shell have entered into a new long-term sale and purchase agreement (SPA) for the supply of three million tons per annum (MTPA) of liquefied natural gas (LNG) to China.
According to the statement, “LNG deliveries under the SPA will commence in January 2025, underscoring the commitment of both entities to meeting the world’s growing energy demands.”
The agreement also highlights the continued growth of China’s LNG market, which is projected to be the largest globally.
Commenting on the announcement, Minister of State for Energy Affairs QatarEnergy President and CEO HE Saad Sherida Al Kaabi said that, “We are pleased to enter into this new long-term LNG SPA with our trusted partner Shell. The agreement helps meet the requirements of Shell’s end customers in China and enhances our contributions to meeting the needs of LNG end-users worldwide.”
Highlighting the strength of the QatarEnergy-Shell collaboration, Al Kaabi further noted that, “This SPA marks the 11th LNG supply contract between us, serving as a testament to our enduring partnership. It underlines our consistent ability to meet the diverse requirements of our customers and partners globally. I extend my appreciation to Shell’s management and working teams for the successful conclusion of this SPA.”
In November, QatarEnergy signed a 10-year sulfur supply agreement with Morocco-based OCP Nutricrops, a subsidiary of OCP Group, a world leader in plant nutrition solutions and phosphate-based fertilizers, to supply up to 7.5 million tons of sulfur to OCP Nutricrops beginning in the third quarter of 2024.
