Qatar has further expanded its long-term gas supply to Europe, reaching a supply deal with the Netherlands to provide 3.5 million metric tons of liquefied natural gas (LNG) a year for 27 years.
Qatari LNG from the massive North Field LNG production expansion project will be delivered to Gate LNG terminal at the Port of Rotterdam beginning in 2026.
Shell holds a 6.25% stake in the North Field East project and a 9.375% share in the North Field South project.Asia, with an appetite for long-term sales and purchase agreements, has thus far outpaced Europe in locking in supply from Qatar's two-phase expansion plan that will raise its liquefaction capacity to 126 million metric tons a year by 2027 from 77 million.
The Asian deals include a 27-year supply agreement with China's Sinopec sealed in November last year for 4 million metric tons a year and an identical one signed in June with China National Petroleum Corporation .
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