Associates of QatarEnergy and Eni have signed a long-term LNG sale and buy settlement (SPA) for the availability of as much as 1 million tpy of LNG from Qatar to Italy.
Pursuant to the SPA, the LNG will probably be delivered to FSRU Italia, situated within the port of Piombino, in Italy’s Tuscany area.
LNG deliveries are anticipated to start out in 2026 for a time period of 27 years and will probably be sourced from the three way partnership between QatarEnergy and Eni that holds an curiosity in Qatar’s North Area East (NFE) enlargement venture.
The SPA was signed by Saad Sherida Al-Kaabi, the Minister of State for Power Affairs, the President and CEO of QatarEnergy, and Claudio Descalzi, the CEO of Eni, at a particular occasion held in Doha within the presence of senior executives from each corporations.
Minister Al-Kaabi mentioned: “Right this moment, we’re taking one other necessary step in strengthening our partnership with Eni that may foster our mutual co-operation for a few years to return. Our partnership with Eni has borne fruitful outcomes, together with LNG deliveries via the Fluxys LNG terminal in Belgium’s Zeebrugge port and upstream exploration tasks in varied places all over the world. This settlement additional builds on Eni’s first entry within the upstream sector within the State of Qatar via our partnership within the historic NFE enlargement venture.”
“Collectively, we’ll proceed to exhibit dedication to the European markets on the whole, and to the Italian market specifically. Since 2009, Qatari LNG has been arriving on the Adriatic LNG terminal within the northern Adriatic to satisfy greater than 10% of Italy’s pure gasoline necessities.”
Eni is a companion within the 32 million tpy NFE enlargement venture with a 3.125% share.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/27102023/qatarenergy-and-eni-sign-27-year-lng-supply-agreement/