QatarEnergy signs long-term agreements to purchase 4 MTPA of US LNG
QatarEnergy signed two long-term sale and purchase agreements (SPAs) with Cheniere for the purchase of up to 4mn tonnes per annum (MTPA) of LNG from Cheniere's Sabine Pass and Corpus Christi faci...
QatarEnergy has signed two significant long-term sale and purchase agreements (SPAs) with Cheniere for the acquisition of up to 4 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Cheniere's facilities in Louisiana and Texas, situated on the US Gulf Coast. These SPAs, signed by QatarEnergy's Minister of State for Energy Affairs and President and CEO, His Excellency Saad bin Sherida al-Kaabi, and Cheniere's Chairman, President and CEO, Jack Fusco, are projected to commence in 2031 and extend through 2054. The SPAs were announced by QatarEnergy on Thursday.
His Excellency al-Kaabi emphasized that the signing of these SPAs represents a crucial milestone in QatarEnergy's LNG strategy. This substantial long-term purchase will broaden and diversify their global LNG portfolio, enhancing their capacity to meet evolving market demands. The additional volumes will complement QatarEnergy's existing LNG supplies, broaden their supply and trading portfolio, and bolster their ability to cater to customers worldwide.
The SPAs underscore QatarEnergy's enduring faith in the long-term relevance of LNG in the global energy sector and their dedication to cultivating a flexible, diversified, and globally competitive LNG portfolio.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- QatarEnergy secures 4 MTPA of US LNG from Cheniere through 2054 qatar-tribune.com
