Qatar Energy, Shell Reached Long Term Agreement on LNG Supply to China

SEATTLE (Oil Monster): The state-owned petroleum business of Qatar, Qatar Energy, declared that it and Shell had signed a long-term contract for the delivery of LNG to China. According to the new sale and purchase agreement (SPA), the Asian nation will receive more than three million tons of LNG annually (MTPA). January of the next year is when the deliveries are expected to start.

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The deal demonstrates Qatar Energy and Shell's dedication to supplying the world's expanding energy needs. It also attests to the Chinese LNG market's continued strong expansion. In addition, it is anticipated that within a few years, the nation's LNG market will surpass all others globally.

The President and CEO of QatarEnergy, H E Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, commented on the development, saying the business is happy to sign a new long-term LNG SPA with its reliable partner. The new deal will assist Shell in satisfying the needs of its Chinese end users. Additionally, he said, it will increase the company's efforts to satisfy the growing demand from LNG end consumers worldwide.

The SPA marks the 11^th LNG supply contract between the two companies.