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QatarEnergy and Shell Cement Ties with 25-Year Condensate Supply Pact

 

QatarEnergy and Shell Cement Ties with 25-Year Condensate Supply Pact

QatarEnergy has taken a significant step forward in energy diplomacy and trade by signing its first-ever 25-year condensate supply agreement with Shell International Eastern Trading Company (SIETCO), a subsidiary of Shell Plc based in Singapore. The agreement, which comes into effect in July 2025, covers the supply of up to 285 million barrels of condensate, setting a new record in both volume and duration for the Qatari energy giant.

The signing ceremony was held in Doha and attended by Qatar’s Minister of State for Energy Affairs, H.E. Saad Sherida Al-Kaabi, and Shell CEO Wael Sawan. Al-Kaabi highlighted the importance of this agreement in cementing long-term commercial relationships: “Long-term deals like this one with Shell allow us to deliver greater certainty and value to our customers while reinforcing global energy security.”

The deal builds on a strong foundation of collaboration between the two companies. QatarEnergy and Shell have previously joined forces on major initiatives including the Pearl GTL Plant and multiple LNG projects, both in Qatar and abroad. Their shared commitment to innovation, supply reliability, and long-term partnerships continues to drive mutual growth.

For Shell, this deal is not only a strategic business move but also a testament to the enduring trust in Qatar’s role as a secure and stable energy partner in an increasingly complex global market.

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