News:Middle East & Africa

Qatargas inks five-year LNG supply deal with Shell

Despite recent sanctions by neighbouring countries against Qatar, Shell has signed a new sale and purchase agreement (SPA) for LNG from Qatargas.

Qatargas said it had signed an agreement with Shell to deliver up to 1.1m tonnes of LNG a year for five years.

“Qatargas continues to win new business in an evolving market, and this SPA demonstrates Qatargas' ability and flexibility to capture new opportunities," said Saad Sherida Al-Kaabi, ceo of Qatar Petroleum and chairman of the board of Qatargas.

Khalid Bin Khalifa Al-Thani, ceo of Qatargas, said: “This deal provides Qatargas with access to Shell's gas sales portfolio in the United Kingdom and continental Europe, as well as the flexibility to manage LNG deliveries to our global client portfolio."

The agreement starts in January 2019 and it is expected that the LNG will be delivered to either the Dragon LNG Terminal in the UK or the Gate LNG Terminal in the Netherlands. 

“Agreements like this support our ability to provide reliable, flexible LNG supply to our customers. We strongly believe natural gas has a vital role to play in providing secure and cleaner energy for decades to come,” said Maarten Wetselaar, director of integrated gas at Shell.

Posted 19 June 2017

© Copyright 2017 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Marcus Hand

Editor, Seatrade Maritime News

FREE WHITEPAPER: The Next Generation of Offshore & Workboats Seafarers

The next wave of seafarers are already being shaped by advances in technology.
With developments in ship autonomy requiring different skill sets, a whole new approach to ship operation and management is needed.

However, with a life at sea holding little appeal for the next generation, is the offshore and workboat sector now in danger of a shortage of motivated and enthusiastic seagoing personnel?

The latest Seatrade Maritime News whitepaper provides you with a comprehensive overview of this growing challenge and examines how a lack of experienced seafarers could reach a critical point in the future.

Download: The Next Generation of Offshore & Workboats Seafarers here.

Adestra header image SOMWME WP 2

NEW DOWNLOAD: The guide to the 2020 IMO 0.5% fuel sulphur regulation

Explore the few options Shipowners have to choose from to comply with the regulation, while refiners are expected to make changes to refinery configuration and production in response to market demand.

Contents:

  • Executive summary
  • On the receiving end - shipping 
  • What it means for the refiners
  • Shipping options
  • Conclusions

This guide also provides you with the information you need to know regarding bunker fuel supply, as the availability landscape is set to change when IMO’s global 0.5% fuel sulphur content cap regulation is enforced from 2020. 

Click here to download the whitepaper now and explore the options available to the industry.