{"id":81580,"date":"2024-10-10T00:00:00","date_gmt":"2024-10-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/10\/qatarenergy-inks-a-20-year-contract-to-supply-shell-with-18-mn-tons-of-naphtha-annually\/"},"modified":"2024-10-10T00:00:00","modified_gmt":"2024-10-10T00:00:00","slug":"qatarenergy-inks-a-20-year-contract-to-supply-shell-with-18-mn-tons-of-naphtha-annually","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/10\/qatarenergy-inks-a-20-year-contract-to-supply-shell-with-18-mn-tons-of-naphtha-annually\/","title":{"rendered":"QatarEnergy inks a 20-year contract to supply Shell with 18 mn tons of naphtha annually"},"content":{"rendered":"

Q<\/strong>atarEnergy + Shell ink long <\/strong>term naphtha supply contract: <\/strong>State-owned QatarEnergy has signed a 20-year agreement to supply up to 18 mn tons of naphtha (a refined or partially refined petroleum fraction) annually to Shell\u2019s Singapore-based International Eastern Trading Company starting April 2025, according to a statement<\/a>. The financial details of the agreement have not been disclosed.<\/p>\n

What they said:<\/strong> \u201cToday\u2019s signing further strengthens QatarEnergy\u2019s relationship with Shell, which is not only a reliable naphtha off-taker but also a major counterpart and strategic partner. We look forward to building on our longstanding relationship with Shell and achieving greater mutual successes along the way,\u201d Qatar\u2019s State of Energy Affairs Minister Saad Sherida Al-Kaabi said in the statement.<\/span><\/p>\n

Not QatarEnergy\u2019s first time with Shell: <\/strong>QatarEnergy\u2019s first five-year naphtha agreement<\/a> with Shell was signed in 2019. The agreement secured a supply of 900k metric tons of full range naphtha and plant condensate per year starting April 2020. <\/p>\n

QatarEnergy has been <\/strong>expanding its supply agreements<\/a><\/strong> with several partners,<\/strong> supported by Qatar\u2019s North Field reservoir, which it shares with Iran, Reuters<\/a> reports. QatarEnergy\u2019s fleet is also undergoing an expansion<\/a> to boost North Field\u2019s production.<\/p>\n

ICYMI-<\/strong> QatarEnergy inked a 15-year sale and purchase agreement in August<\/a> with the Kuwait Petroleum Corporation, which will supply 3 mn tons per annum of LNG to Kuwait. The company also purchased six 271k cubic meter capacity QC-Max LNG vessels in September from China State Shipbuilding Corporation<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

QatarEnergy will supply Shell with 18 mn tons of naphtha annually, starting April 2025<\/p>\n","protected":false},"author":1,"featured_media":81581,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[153,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-qatar","tag-trade","wpautop","entry"],"acf":{"mongo_id":"41565f07-2222-4bd7-8376-a2446f734087","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/857.jpg","photo_position":"above","homepage_title":"","full_issue_title":"QatarEnergy 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