LNG supply deals with European customers likely after summer: Qatar’s minister

LNG supply deals with European customers likely after summer: Qatar’s minister

QatarEnergy will sign liquefied natural gas (LNG) supply deals with European customers likely after the summer, HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi said on Thursday.

“Agreements with several European destinations... are very close to being finalised,” he said at a media event at the QatarEnergy headquarters on Thursday.

Replying to a question by Gulf Times, al-Kaabi said, “We are talking to many companies in different countries. We are in advanced discussions with some customers. If I put everything that we have on the table and assume that we are going to be successful in signing everything that we are negotiating today, a big portion of it will be going to Asia, the other will be going to Europe and we will be more than sold out as far as volumes of North Field East (NFE) and the North Field South (NFS) are concerned.”

QatarEnergy’s LNG trading arm, QatarEnergy Trading, yesterday entered into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply up to 1.8mn tonnes per year (MTPY) of LNG to Bangladesh for 15 years, starting in 2026.

The gas would come from the ongoing North Field expansion, which