QatarEnergy And Shell Seal 27-Year LNG Supply Pacts, Delivering Up To 3.5 MTPA To The Netherlands
Portfolio Pulse from Nabaparna Bhattacharya
Shell PLC (NYSE:SHEL) has signed two long-term LNG sale and purchase agreements with affiliates of QatarEnergy for the supply of up to 3.5 million tons per annum (MTPA) of LNG from Qatar to the Netherlands. The LNG will be delivered to the Gate LNG terminal in the port of Rotterdam starting in 2026 for 27 years. The deal is similar to a TotalEnergies' (NYSE:TTE) deal last week with QatarEnergy to supply France. Both are Qatar's biggest and longest gas supply deals with Europe.
October 19, 2023 | 2:24 pm
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NEUTRAL IMPACT
TotalEnergies had signed a similar long-term LNG supply deal with QatarEnergy last week to supply France.
The news mentions a similar deal that TotalEnergies had with QatarEnergy last week. However, as this is not a new development for TotalEnergies, the impact on its stock price is expected to be neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Shell has signed a long-term LNG supply deal with QatarEnergy, which will deliver LNG to the Netherlands for 27 years starting in 2026.
The long-term agreement secures a stable supply of LNG for Shell, which could strengthen its position in the European market. This could potentially have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100