The world’s largest liquefied natural gas producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait, commencing this year.
Commenting on the signing of the SPA, Saad Sherida Al-Kaabi, the minister of state for energy affairs that the deal follows a recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation.
Commenting on the new SPA, Khalid bin Khalifa Al Thani, Qatargas CEO, said, “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 Company Limited (4) (Qatargas 4), a joint venture between Qatar Petroleum (70 percent) and Shell (30 percent).