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Does qatarenergy supply naphtha to shell?

Our Standards: The Thomson Reuters Trust Principles. QatarEnergy has entered into a long-term naphtha supply agreement with Shell , supplying up to 18 million metric tons of naphtha to the London-listed company over 20 years from next April.

Will qatarenergy & shell join a joint venture company?

Pursuant to the agreement, QatarEnergy and Shell will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while Shell will hold the remaining 25% interest.

Why is shell partnering with qatarenergy?

On his part, Ben van Beurden said, "I am honoured that Shell has been selected by QatarEnergy as a partner in the NFE project. Through its pioneering integration with carbon capture and storage, this landmark project will help provide LNG the world urgently needs at a lower carbon footprint.

Will shell participate in the next wave of Qatar's LNG expansions?

Shell has been selected to participate in the next wave of Qatar’s LNG expansions – the North Field South project (NFS). Shell will obtain a 9.375% participating interest in the 16 Mtpa NFS project – out of a total 25% interest available for international partners. QatarEnergy will hold the remaining 75%.

Why did qatarenergy choose a partner in the North Field East Project?

Today’s announcement marks the successful conclusion of the selection of our international energy company partners in the North Field East project, through which QatarEnergy and its partners reaffirm their commitment to the energy transition and to the safe and reliable supply of cleaner energy to the world.”

What does shell's NFE agreement mean for Qatar?

The agreement with Shell is the fifth and last in a series of partnership announcements in the multi-billion dollar NFE project, which will raise Qatar’s LNG export capacity from the current 77mn tonnes per year to 110mn tpy.

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