The agreement, set to commence in April 2025, will see up to 18 million tonnes (mt) of naphtha delivered to Shell over the duration of the contract.
QatarEnergy has entered a 20-year naphtha supply agreement with UK oil and gas major Shell’s Singapore-based unit Shell International Eastern Trading Company.
The agreement, set to commence in April 2025, will see up to 18mt of naphtha delivered to Shell over the duration of the contract.
The partnership between QatarEnergy and Shell is well-established, with a history of shared investments in various energy projects, both in Qatar and internationally.
These include QatarEnergy’s LNG ventures, the Pearl GTL Plant and a range of other joint investments.
QatarEnergy president and CEO Saad Sherida Al-Kaabi said: “We are delighted to sign QatarEnergy’s first 20-year naphtha sales agreement, the largest and longest to date. This is our second such agreement with Shell since 2019 and builds on our strategy of stronger relations with established end-users and partners.”
Shell CEO Wael Sawan said: “We are honoured to enter into this long-term agreement with our esteemed partner, QatarEnergy.