Written by: Fatima Younis
QatarEnergy has signed two long-term agreements with the US company Cheniere to supply up to 4 million tons per year of liquefied natural gas. This step comes as part of the company's ongoing strategy to enhance its global portfolio and expand its operations to meet the growing demand for energy in global markets.
Details of Supply Agreements and Timeline
Deliveries of shipments under the two new agreements are scheduled to begin in 2031, with contracts continuing until 2054. The agreements include the supply of liquefied natural gas from Cheniere's vital facilities, specifically from the Sabine Pass project in Louisiana and the Corpus Christi facility in Texas on the US Gulf Coast, with deliveries to be made in accordance with approved international trade terms.
Enhancing Global Energy Security
The two agreements were signed by the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and the Chairman and CEO of Cheniere, Jack Fusco. Both sides emphasized the importance of this strategic partnership in supporting global supply security. Al-Kaabi pointed out that these agreements represent a pivotal milestone in the company's journey towards diversifying energy sources and expanding the scope of supply and trade to serve customers around the world.
This step reflects great confidence in the vital role played by liquefied natural gas in the future global energy mix. QatarEnergy continuously strives to develop a supply portfolio characterized by high flexibility and competitiveness, especially in light of the challenges witnessed in energy markets and ongoing efforts to ensure the stability of flows and meet long-term customer requirements with high efficiency and reliability.
