Qatar will supply British energy giant Shell with liquefied natural gas (LNG) for 27 years, according to an announcement by state-owned QatarEnergy on Wednesday, 18th October.
Under the deal, Qatar will supply 3.5m tonnes per annum (mtpa) of LNG following two agreements with Shell for a share of the Gulf state’s North Field East (NFE) gas expansion project.
European countries have scrambled to replace lost deliveries of natural gas from Russia since its invasion of Ukraine last year.
In 2021, the EU imported 83% of its natural gas. Since the beginning of the Russia-Ukraine conflict, gas imports from Russia to the EU have been significantly reduced.
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