(Energy Analytics Institute, 2.Dec.2024) — QatarEnergy and Shell inked a new long-term sale and purchase agreement (SPA) for the supply of 3 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to China.
Per the SPA, LNG deliveries will commence in Jan. 2025.
The deal underscores the commitment of both entities to meet the world’s growing energy demands. It also highlights the continued growth of China’s LNG market, which is projected to be the largest globally, QatarEnergy said 2 Dec. 2024 in an official statement.
“This 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,” Qatar’s Minister of State for Energy Affairs, who also doubles as QatarEnergy president and CEO Mr. Saad Sherida Al-Kaabi said in the statement.
“This SPA marks the 11th LNG supply contract between [QatarEnergy and Shell], 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,” Al-Kaabi noted.
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By Chad Archey reporting from Atlanta. © Energy Analytics Institute (EAI). All Rights Reserved.
