QatarEnergy and TotalEnergies signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of LNG from Qatar to France.
Pursuant to the SPAs, LNG will be delivered ex-ship to the Fos Cavaou LNG receiving terminal in southern France, with deliveries expected to start in 2026 for a term of 27 years.
“The LNG volumes will be sourced from the two joint ventures between QatarEnergy and TotalEnergies that hold interests in Qatar’s North Field East (NFE) and North field South (NFS) projects,” said QatarEnergy in a statement.
The SPAs were signed by His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and Patrick Pouyanné, the Chairman and CEO of TotalEnergies, at a special event held in Doha in the presence of senior executives from both companies.
These two new agreements we have signed with our partner TotalEnergies, demonstrate our continued commitment to the European markets in general, and to the French market in particular, thus contributing to France’s energy security.
The State of Qatar has been supplying the French market with LNG since 2009, and the new agreements reflect the joint effort of two trusted partners, QatarEnergy and TotalEnergies, to provide reliable and credible LNG supply solutions to customers across the globe,” said Al-Kaabi.
LNG expansion in Qatar is the least carbon intensive project in the world.
TotalEnergies’ partnership in the North Field LNG Expansion Projects is made up of a 6.25% share in the NFE project and a 9.375% share in the NFS project.