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Qatar Energy has reached an agreement with Cheniere Energy to purchase 4 million tons of liquefied natural gas each year, and the contract is valid until 2054. Due to the Iran-related war, Qatar's local production capacity was limited. This is the country's first long-term US LNG purchase agreement. Qatar was once one of the world's largest exporters of liquefied natural gas. The country's Ras Lafan facilities were damaged during the conflict, and Qatar needed to guarantee gas supplies to customers whose supplies were interrupted; at the same time, due to the turbulent shipping situation in the Strait of Hormuz, Qatar Energy was forced to drastically reduce the scale of external transportation, and this deal was reached in this context. Qatar Energy announced on Thursday that it will purchase 2 million tons of liquefied natural gas each year from Cheniere's two plants, namely the Sabine Pass project in Louisiana and the Corpus Christi project in Texas. Delivery will begin in the early 2030s and continue until 2054.
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Qatar Energy has reached an agreement with Cheniere Energy to purchase 4 million tons of liquefied natural gas each year, and the contract is valid until 2054. Due to the Iran-related war, Qatar's local production capacity was limited. This is the country's first long-term US LNG purchase agreement. Qatar was once one of the world's largest exporters of liquefied natural gas. The country's Ras Lafan facilities were damaged during the conflict, and Qatar needed to guarantee gas supplies to customers whose supplies were interrupted; at the same time, due to the turbulent shipping situation in the Strait of Hormuz, Qatar Energy was forced to drastically reduce the scale of external transportation, and this deal was reached in this context. Qatar Energy announced on Thursday that it will purchase 2 million tons of liquefied natural gas each year from Cheniere's two plants, namely the Sabine Pass project in Louisiana and the Corpus Christi project in Texas. Delivery will begin in the early 2030s and continue until 2054.
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