QatarGas and Shell Sign New LNG Agreement

Doha, June 17 – QatarGas, the Worlds Premier Liquefied Natural Gas Company, announced Saturday the signing of a new Sale and Purchase Agreement (SPA) with Shell to deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to Shell for five years.

President and Chief Executive Officer of Qatar Petroleum, and Chairman of the Qatargas Board of Directors Eng. Saad Sherida Al Kaabi said the agreement will further strengthens the relationship with Shell, one of the largest energy traders in the world.

He added that Qatargas continues to win new business in an evolving market, and this SPA demonstrates Qatargas ability and flexibility to capture new opportunities.

Commenting on the new SPA, HE Chief Executive Officer of Qatargas Khalid bin Khalifa Al-Thani said that Qatargas is delighted to conclude this new SPA with a valued partner and we look forward to working even closer with Shell in the years ahead.

He said that this deal provides Qatargas with access to Shells gas sales portfolio in the United Kingdom and continental Europe, as well as the flexibility to manage LNG deliveries to our global client portfolio.

For his part, Director of Integrated Gas at Shell Maarten Wetselaar said that the such agreements support the ability of Shell to provide reliable, flexible LNG supply to our customers, praising the vital role of natural gas in providing secure and cleaner energy for decades to come.

Commencing in January 2019, the SPA provides for the supply of LNG from Qatar Liquefied Gas Company Limited (4) (Qatargas 4), a joint venture between Qatar Petroleum (70%) and Shell (30%). It is expected that the LNG will be delivered to either the Dragon LNG Terminal in the United Kingdom or the Gate LNG Terminal in the Netherlands.