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QatarEnergy Inks Third Long-Term LNG Deal This Month

LNG

Eni signed a deal with QatarEnergy to buy LNG for the duration of 27 years according to ENI.

  • The delivery of 1.5bcm/yr of LNG is scheduled to begin in 2026. The LNG will be delivered to Italy’s Piombino floating import terminal.
  • This marks the third major contract this month between QatarEnergy and a European firm. The firm had previously signed a deal with TotalEnergies and Shell this month.
  • Qatar aims to increase its LNG production capacity by 64% by 2027 with the expansion of the North Field East project that will add 32mtp, and the extension of the North Field South that will bring 16mpta, once operational.
Energy BulletsCommodities
Energy BulletsCommodities

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