Qatar to Supply Up to 1 MTPA of LNG to Italy for 27 Years

Qatar to Supply Up to 1 MTPA of LNG to Italy for 27 Years By A Robin - October 24, 2023


Affiliates of QatarEnergy and Italian energy company, Eni, signed a long-term LNG sale and purchase agreement (SPA) for the supply of up to one million tons per annum (MTPA) of LNG from Qatar to Italy.

Pursuant to the SPA, the LNG will be delivered to FSRU Italia, a floating storage and regasification unit, located in the port of Piombino, in Italys Tuscany region.

LNG deliveries are expected to start in 2026 for a term of 27 years and will be sourced from the joint venture between QatarEnergy and Eni that holds an interest in Qatars North Field East (NFE) expansion project.

The SPA was signed by HE Minister of State for Energy Affairs, the President and CEO of QatarEnergy Eng. Saad bin Sherida Al Kaabi, and CEO of Eni Claudio Descalzi, at a special event held in Doha in the presence of senior executives from both companies.

Commenting on this occasion, HE Minister Al Kaabi said: "Today, we are taking another important step in strengthening our partnership with Eni that will foster our mutual cooperation for many years to come. Our partnership with Eni has borne fruitful results including LNG deliveries through the Fluxys LNG terminal in Belgiums Zeebrugge port and upstream exploration projects in various locations around the world." "This agreement further builds on Enis first entry in the upstream sector in the State of Qatar through our partnership in the historic North Field East expansion project," he added.

"Together, we will continue to demonstrate commitment to the European markets in general, and to the Italian market in particular. Since 2009, Qatari LNG has been arriving at the Adriatic LNG terminal in the northern Adriatic to meet more than 10% of Italys natural gas requirements," HE Minister Al Kaabi stressed.
Eni is a partner in the 32 MTPA NFE expansion project with a 3.125% share.


By A Robin - October 24, 2023

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