October 09, 2024 [Storage Terminals Magazine]- QatarEnergy has announced a landmark 20-year naphtha supply agreement with Shell International Eastern Trading Company, a Singapore-based subsidiary of Shell. Under the terms of the agreement, QatarEnergy will supply up to 18 million tonnes of naphtha to Shell, with deliveries set to begin in April 2025.

His Excellency Saad Sherida Al-Kaabi, Qatar’s minister of state for Energy Affairs and president and CEO of QatarEnergy, expressed his enthusiasm for the deal, stating, “We are delighted to sign QatarEnergy’s first 20-year naphtha sales agreement, the largest and longest to date. This is our second such agreement with Shell since 2019 and builds on our strategy of stronger relations with established end-users and partners.”

Al-Kaabi emphasised the importance of Shell as a reliable naphtha off-taker and strategic partner, adding that this agreement further solidifies the relationship between the two companies. He noted that QatarEnergy looks forward to continued collaboration and mutual successes with Shell in the future.

Wael Sawan, CEO of Shell, expressed his appreciation for the partnership, stating, “We are honoured to enter into this long-term agreement with our esteemed partner, QatarEnergy. This deal will support Shell as we deliver more value for our customers worldwide and marks another significant milestone in our long-established partnership.”

The agreement strengthens the existing strategic partnership between QatarEnergy and Shell, which includes joint investments in various energy projects in Qatar and beyond. These include QatarEnergy’s LNG projects, the Pearl GTL Plant, and other significant ventures globally.

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