Qatargas has signed a long-term sale and purchase agreement (SPA) with Royal Dutch Shell to deliver 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Kuwait, beginning this year.
The Qatari Minister of State for Energy Affairs, Saad Sherida Al-Kaabi, commented on the signing of the SPA: “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation. These agreements demonstrate our commitment to the State of Kuwait, which is a very important LNG market and is part of our strive to be the LNG supplier of choice for our customers.”
Khalid bin Khalifa Al Thani, Qatargas’ chief executive officer, added: “Qatargas is delighted to conclude this new SPA with Shell. We believe this agreement provides a win-win solution for both companies and deepens the relationship with a valued partner and shareholder. Qatargas is committed to meeting the clean energy needs of customers who depend upon reliable, flexible LNG deliveries.”
The SPA provides for the supply of LNG from Qatar Liquefied Gas, a joint venture between Qatar Petroleum (70%) and Shell (30%).
