Qatargas and Shell sign new LNG Agreement

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Qatargas and Shell sign new LNG Agreement

Qatargas have 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.

Mr. Saad Sherida Al-Kaabi, President and Chief Executive Officer of Qatar Petroleum, and Chairman of the Qatargas Board of Directors, said: “We are pleased with the conclusion of this agreement, which further strengthens our relationship with Shell – one of the largest energy traders in the world.”

Mr. Al-Kaabi added: “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, Khalid Bin Khalifa Al-Thani, Chief Executive Officer, Qatargas, said: “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. This deal provides Qatargas with access to Shell’s gas sales portfolio in the United Kingdom and continental Europe, as well as the flexibility to manage LNG deliveries to our global client portfolio.”

Maarten Wetselaar, Director of Integrated Gas at Shell, said: “We are pleased to have signed this agreement, strengthening our relationship with Qatargas. Agreements like this support our ability to provide reliable, flexible LNG supply to our customers. We strongly believe natural gas has a vital role to play 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.

About Qatargas

Qatargas, established in 1984, pioneered the Liquefied Natural Gas (LNG) Industry in Qatar. Today, Qatargas is the largest LNG producing company in the world, with an annual LNG production capacity of 42 million tonnes per annum (MTA).

It is through our operating excellence and our innovation in global energy that we are safely and reliably delivering LNG to our customers around the globe, from our world-class facilities in Qatar.

At Qatargas we have seven LNG trains, of which four are the largest in the world – known as mega-trains – each with a production capacity of 7.8 MTA.

Since the establishment of Qatargas 1 we have completed a successful expansion programme that has included the development of Qatargas 2; Qatargas 3 and Qatargas 4 projects; the Laffan Refinery, a dedicated fleet of ships; a regasification terminal; Liaison Offices in Japan and China and the move to our headquarters in central Doha, Qatar.

We have a cohesive and dynamic Corporate Social Responsibility (CSR) programme focused on long-term, sustainable social development that inspires our staff as much as it touches the countless lives in our community.

At Qatargas we uphold the highest standard of energy use, responsible energy management and energy conservation, as a responsible promoter of energy, with an unwavering commitment to the care and the protection of the environment for generations to come.

Source: www.qatargas.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.