In an announcement posted on its web site lately, QatarEnergy introduced a 25 12 months condensate provide settlement with Shell.
The corporate famous within the assertion that it entered right into a long-term condensate provide settlement with the Singapore-based Shell Worldwide Japanese Buying and selling Firm (SIETCO), which it highlighted is an entirely owned subsidiary of London-listed Shell plc.
QatarEnergy mentioned within the assertion that the settlement stipulates the availability of as much as 285 million barrels of condensate to Shell throughout its 25 12 months time period, ranging from July 2025. The deal was signed by Saad Sherida Al-Kaabi, the Minister of State for Power Affairs and the President and CEO of QatarEnergy, and Wael Sawan, the CEO of Shell, QatarEnergy’s assertion highlighted.
- Advertisement -
“We’re delighted to signal QatarEnergy’s first 25 12 months condensate gross sales settlement, the biggest and longest period condensate settlement thus far,” Al-Kaabi mentioned on the signing ceremony, the assertion revealed.
“This settlement is vital for being signed with our strategic accomplice, Shell, with whom we’ve lately signed a 20 12 months naphtha gross sales settlement. These long-term agreements present stability and certainty, and helps ship extra worth to our buyer Shell,” Al-Kaabi added, the assertion confirmed.
QatarEnergy went on to state that “Sawan expressed Shell’s pleasure in getting into into this long-term settlement and constructing on the longstanding strategic relationship with QatarEnergy”.
The corporate famous within the assertion that QatarEnergy and Shell “share numerous fruitful investments and partnerships within the power trade in Qatar and globally, together with QatarEnergy LNG tasks, the Pearl GTL Plant, and several other different joint investments”.
In an announcement posted on its web site again in February, QatarEnergy introduced that it had signed a 20 12 months helium gross sales and buy settlement with China’s G-gas.
“QatarEnergy and Guangzhou Guanggang Gases & Power Co. Ltd (G-gas) signed a long-term gross sales and buy settlement (SPA) for the availability of 100 million cubic toes every year of helium from Qatar to the Individuals’s Republic of China,” QatarEnergy famous in that assertion.
It added that the 20 12 months settlement marks the primary direct, long-term SPA for the availability of helium from Qatar to China.
“The excessive purity helium provides will probably be sourced from Qatar’s world class helium amenities in Ras Laffan,” QatarEnergy highlighted in that assertion.
In an announcement posted on its web site in December final 12 months, QatarEnergy introduced that it and Shell had entered into a brand new long-term SPA for the availability of three million tons every year of liquefied pure gasoline to China.
A press release posted on QatarEnergy’s web site in November 2024 introduced that the corporate had entered a ten 12 months sulfur provide settlement with OCP Nutricrops.
“Beneath the phrases of the ten 12 months settlement, QatarEnergy will provide as much as 7.5 million tons of sulfur to OCP Nutricrops starting within the third quarter of 2024,” QatarEnergy revealed in that assertion.
In one other assertion posted on its web site in October final 12 months, QatarEnergy introduced that it had entered right into a 20 12 months naphtha provide settlement with Shell.
The corporate revealed in that assertion that it entered into the “long-term naphtha provide settlement” with SIETCO.
“The 20 12 months settlement stipulates the availability of as much as 18 million tons of naphtha to be delivered to Shell beginning in April 2025,” QatarEnergy mentioned in that assertion.
On its web site, QatarEnergy describes itself as a steward of Qatar’s pure assets and the world’s largest supplier of LNG. The corporate notes on its web site that it’s a absolutely built-in power company, including that it covers “the total spectrum of the oil and gasoline worth chain – from exploration to manufacturing, from processing and refining to gross sales and supply”.
To contact the creator, e-mail andreas.exarheas@rigzone.com
