QatarEnergy signs long-term LNG supply deals with TotalEnergies

QatarEnergy has signed two long-term LNG supply deals with France's TotalEnergies for the supply of up to 3.5mn tonnes/year of LNG, it announced on October 11.

The LNG will be delivered ex-ship to the Fos Cavaou LNG receiving terminal in southern France, with deliveries expected to start in 2026 for a term of 27 years.

The LNG volumes will be sourced from the two joint ventures between QatarEnergy and TotalEnergies that hold interests in Qatar's North Field East (NFE) and North Field South (NFS) projects.

“These two new agreements we have signed with our partner TotalEnergies, demonstrate our continued commitment to the European markets in general, and to the French market in particular, thus contributing to France’s energy security,” said QatarEnergy CEO Saad Sherida Al-Kaabi.

TotalEnergies' partnership in the North Field LNG expansion projects is made up of a 6.25% share in the NFE project and a 9.375% share in the NFS project.

Qatar, the world's largest LNG exporter, held a groundbreaking ceremony on October 3 for the North Field expansion project, which will raise the country's LNG production capacity from 77mn tonnes/year to 126mn tonnes/year by 2026.

The project includes six new LNG trains, each with a production capacity of 8mn tonnes/year. Four of the trains will be part of the NFE project, and two will be part of the NFS project.