QatarEnergy

Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating tensions in the Middle East and uncertainty over U.S. LNG exports combined Monday to push European natural gas prices higher. Despite weak fundamentals, “geopolitics remain in focus” for the global energy market, said Schneider Electric analyst Robbie Fraser. Three U.S. servicemen were killed in a drone strike in Jordan over the weekend that was…

January 29, 2024
Qatar and China’s Natural Gas Supply Relationship Grows with Latest LNG SPA, Equity Deal

Qatar and China’s Natural Gas Supply Relationship Grows with Latest LNG SPA, Equity Deal

China Petroleum and Chemical Corp. (Sinopec) is growing its supply and equity position in Qatar’s massive LNG expansion projects with an additional agreement inked with QatarEnergy. State-owned Sinopec, one of the world’s largest liquefied natural gas importers, disclosed it has signed a 27-year sales and purchase agreement for 3 million metric tons/year from QatarEnergy’s North…

November 6, 2023
Shell’s Global LNG Business Traded Tumult for Opportunity in Volatile Third Quarter

Shell’s Global LNG Business Traded Tumult for Opportunity in Volatile Third Quarter

Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday. The company’s chief shared insight about the overall quarterly performance during a conference call in London with CFO Sinead Gorman. Overall gas and oil production volumes declined from…

November 2, 2023
QatarEnergy, Eni Ink 27-Year LNG Deal for European LNG

QatarEnergy, Eni Ink 27-Year LNG Deal for European LNG

QatarEnergy has inked another long-term deal to provide LNG for Europe as Eni SpA continues to replace Russian natural gas supplies. The Italian supermajor has agreed to buy up to 1 million tons (Mt) annually, or the equivalent of about 53 Bcf/year, of liquefied natural gas for 27 years from QatarEnergy’s North Field East (NFE)…

October 23, 2023
Qatar’s North Field Project Presents Less Risk for Oversupply Than Country’s Earlier Expansions – Column

Qatar’s North Field Project Presents Less Risk for Oversupply Than Country’s Earlier Expansions – Column

After several years of chronically tight LNG markets, there was optimism among LNG buyers at the start of 2011. It seemed like the tables were turning in the favor of downstream buyers that had invested heavily in import infrastructure only to see terminals underutilized.

October 18, 2023
QatarEnergy Signs Another 27-Year LNG Supply Deal for Europe

QatarEnergy Signs Another 27-Year LNG Supply Deal for Europe

QatarEnergy said Wednesday it has agreed to supply Shell plc with 3.5 million tons (Mt) of LNG from its massive North Field expansion project for nearly three decades.  The liquefied natural gas would come from the 32 Mt/year North Field East (NFE) project and the 16 Mt/year North Field South (NFS) project. Shell was awarded…

October 18, 2023
QatarEnergy Inks Its Largest European LNG Supply Deal with TotalEnergies

QatarEnergy Inks Its Largest European LNG Supply Deal with TotalEnergies

QatarEnergy said Wednesday it has agreed to provide TotalEnergies SE with 3.5 million tons (Mt) of LNG annually over the course of 27 years from its massive North Field expansion projects.  The company said cargoes for TotalEnergies from the North Field East (NFE) and North Field South (NFS) projects would begin in 2026 under two…

October 11, 2023
Qatar’s Push to Maintain LNG Dominance Promises to Influence How Competitors Market Volumes – Column

Qatar’s Push to Maintain LNG Dominance Promises to Influence How Competitors Market Volumes – Column

When Australia’s LNG exports overtook Qatar’s in 2021, it was the first and only time since 2005 that Qatar had not been the world’s largest liquefied natural gas exporter. It regained the title in 2022.

October 4, 2023
QatarEnergy Orders Another 17 LNG Tankers to Support Export Expansion

QatarEnergy Orders Another 17 LNG Tankers to Support Export Expansion

QatarEnergy has placed another large order for new LNG vessels as it continues to build out its shipping fleet ahead of a massive expansion in its liquefaction capacity that’s expected to come online later this decade. The state-owned company said Wednesday it has signed a deal worth $3.9 billion to have South Korea’s HD Hyundai…

September 27, 2023
Qatar Still Has Enormous Volume of LNG Left to Market

Qatar Still Has Enormous Volume of LNG Left to Market

Qatar, one of the top global LNG exporters, is having a banner year. The country has signed record volumes of long-term liquified natural gas supply contracts with new and existing buyers.  But it remains uncertain how much of the additional capacity that is being developed by QatarEnergy (QE)  will be committed by the end of…

August 15, 2023
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