QatarEnergy has officially announced a long-term naphtha supply agreement with Shell International Eastern Trading Company, based in Singapore.
This 20-year contract outlines the delivery of up to 18 million tons of naphtha to Shell, commencing in April 2025.
Saad bin Sherida Al Kaabi, Qatar’s minister of State for Energy Affairs and president and CEO of QatarEnergy, expressed his enthusiasm about finalizing QatarEnergy’s first 20-year naphtha sales agreement, highlighting that it is the largest and longest established to date. He noted that this marks their second agreement with Shell since 2019 and emphasized its role in enhancing their strategy of forging stronger ties with established end-users and partners. He also mentioned that the signing deepens QatarEnergy’s relationship with Shell, which is seen as a dependable naphtha off-taker and a key counterpart and strategic ally. He looked forward to advancing their long-standing collaboration with Shell and achieving greater mutual successes.
Read more: QatarEnergy to build 6 new QC-Max LNG vessels at China’s Hudong-Zhonghua Shipyard
Commitment to global value
Wael Sawan, CEO of Shell, conveyed his appreciation for entering into this long-term agreement with QatarEnergy, stating that it would allow Shell to provide more value to customers around the globe. He remarked that the signing represents another significant milestone in their enduring partnership.
QatarEnergy and Shell share a robust strategic alliance, marked by numerous joint investments in the energy sector both in Qatar and internationally, including QatarEnergy LNG projects, the Pearl GTL Plant, and various other collaborations.
For more news on energy, click here.
