Skip to main content

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.

Comments

Post a Comment

Popular posts from this blog

Sky Care: How the UAE’s First Hospital Vertiport is Redefining Emergency Response

  Imagine a critical patient, a time-sensitive organ for transplant, or a specialist medical team needed across a bustling city. On the ground, traffic is a formidable adversary, where every minute lost can alter outcomes. Now, imagine that same journey taking minutes instead of an hour, not by navigating the roads, but by soaring gracefully above them. This is not a scene from a sci-fi film; it is the new reality in the United Arab Emirates. In a landmark move that solidifies its position on the global stage of innovation, the UAE has officially launched the nation’s — and the region’s — first hospital-based vertiport at Cleveland Clinic Abu Dhabi. This isn’t just a helipad with a new name. It is the cornerstone of a fully integrated, city-wide advanced air mobility (AAM) ecosystem, marking a profound convergence of cutting-edge aviation, AI-driven healthcare, and sustainable infrastructure. The Launch of a Lifesaving Corridor The project is a powerful collaboration between aviati...
Post a Comment
Read more

Three Houses, One Vision – How the UAE’s Abrahamic Family House is Redefining Inter-Faith Dialogue

  When you step onto the stone-plinth of the Abrahamic Family House on Saadiyat Island in Abu Dhabi, you are not just visiting a building. You are entering a bold statement: a mosque, a church and a synagogue standing side-by-side, equal in size and purpose, sharing common ground while respecting their separate faiths. A landmark of coexistence In early 2023 the UAE inaugurated this pioneering complex, inviting worshippers and visitors alike. The architecture — designed to give each of the three faith-homes the same external dimensions and to signal equality — allows each to express its own traditions while remaining visibly part of a unified vision. More than 200 nationalities live in the UAE, which means the project reflects a multicultural reality in which multiple faiths and identities coexist daily. Islam’s role in the vision For Muslim-majority audiences in the Gulf, the Abrahamic Family House sends a resonant message: Islam does not fear dialogue — it embraces it. The m...
Post a Comment
Read more

Beyond the Barrel: The UAE's Steady Hand in a Shifting Global Economy

  Global economic rankings often highlight familiar names, but a steady, deliberate climb is happening in the Gulf. The UAE consistently ranks as one of the most economically stable nations, and this validation stems from a steady reform model that has successfully insulated its economy. The story is no longer about oil wealth; it's about the strategic deployment of that wealth to build a resilient, modern, and dynamic knowledge economy. The proof is in the sectors now driving growth.  Tech startups  are flourishing in Dubai and Abu Dhabi, supported by government venture funds and a growing pool of talent.  Smart cities  like Masdar City and NEOM are not just futuristic concepts but active testbeds for sustainable living and business. This has triggered record  FDI inflows , with the UAE securing its position as the 16th largest global destination for foreign direct investment. The narrative is supported by hard data: a GDP growth projection of 4.6% in 2025...
Post a Comment
Read more