Qatargas and Shell sign new LNG agreement
Qatargas, the World's Premier Liquefied Natural Gas Company, has announced the signing of a new Sale and Purchase Agreement (SPA) with Shell. Under the terms of the agreement, Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to Shell for five years.
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.