QatarEnergy integrates marketing and marketing-related activities
QatarEnergy on December 3 announced the successful integration of all marketing and marketing-related activities formerly managed by QatarEnergy LNG.
“This is a major move towards consolidating QatarEnergy’s position as a global energy leader and an important milestone to enhance the effectiveness of LNG marketing and sales from the State of Qatar,” the company said.
In recent months, QatarEnergy has signed multiple long-term deals. It signed a deal with France's TotalEnergies to supply 3.5mn tonnes/year of LNG with deliveries expected to start in 2026 for a term of 27 years. The company signed another similar deal with Shell for the supply of up to 3.5mn tonnes/year of LNG from Qatar to the Netherlands. Late last month, QatarENergy signed a 27-year deal with Italy's Eni.
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.