Qatar: new liquefied natural gas supply contracts

Qatar is committed to increasing its liquefied natural gas contracts in 2024, in response to growing demand, particularly in Europe and Asia.

Share:

Qatar Contrats Approvisionnement LNG

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

Qatar’s Minister of Energy, Saad al-Kaabi, announced at the Qatar Economic Forum the emirate’s intention to sign more contracts for the supply of LNG (liquefied natural gas) this year. This decision was taken to meet growing global demand, which had already led QatarEnergy to sign contracts for 25 million tonnes of LNG the previous year. Qatar, recognized as one of the world leaders in LNG alongside the United States and Australia, continues to strengthen its strategic position in the global market, particularly in Europe and Asia.

Energy and strategic context

Faced with reduced Russian gas supplies due to the crisis in Ukraine, many European countries are turning to Qatar to secure their energy supplies. In February, Qatar also revealed ambitious plans to increase production from its gigantic natural gas field, the largest in the world, shared with Iran, targeting a capacity of 142 million tonnes per year by 2030. These initiatives demonstrate Qatar’s commitment to playing a central role in global energy security.

Outlook for industry leaders

Patrick Pouyanné, CEO of TotalEnergies, and Darren Woods, CEO of ExxonMobil, underlined the importance of LNG in the global energy transition at the same forum. They expressed an optimistic view of LNG’s role, noting that despite climate challenges and criticism of fossil fuels, natural gas is seen as a crucial component in the transition to cleaner energy. Pouyanné specifically mentioned that increasing LNG production capacity worldwide could lead to lower prices, attracting new markets such as India, which is seeking to reduce its dependence on coal.
The expansion of LNG contracts by Qatar illustrates the complex dynamics of global energy demand and the strategic place of gas in the energy transition. With new production initiatives and prospects from industry leaders, LNG remains a key element in meeting growing energy demand while navigating the challenges of sustainability and global energy policies.

Sempra Infrastructure and ConocoPhillips signed a 20-year LNG sales agreement for 4 Mtpa, confirming their joint commitment to expanding the Port Arthur LNG liquefaction terminal in Texas.
Russian pipeline gas exports to China rose by 21.3% over seven months, contrasting with a 7.6% drop in oil shipments during the same period.
MCF Energy continues operations at the Kinsau-1A drilling site, targeting a promising Jurassic formation first tested by Mobil in 1983.
The group announces an interim dividend of 53 cps, production of 548 Mboe/d, a unit cost of $7.7/boe and major milestones on Scarborough, Trion, Beaumont and Louisiana LNG, while strengthening liquidity and financial discipline.
Norway’s combined oil and gas production exceeded official forecasts by 3.9% in July, according to preliminary data from the regulator.
Gunvor commits to 0.85 million tonnes per year of liquefied natural gas from AMIGO LNG, marking a strategic step forward for Asian and Latin American supply via the Guaymas terminal.
Black Hills Corp. and NorthWestern Energy merge to create a $15.4 billion regulated energy group, operating in eight states with 2.1 million customers and a doubled rate base.
The Pimienta and Eagle Ford formations are identified as pillars of Pemex’s 2025-2035 strategic plan, with potential of more than 250,000 barrels of liquids per day and 500 million cubic feet of gas by 2030.
Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.
Africa Energy strengthens its position in the gas-rich Block 11B/12B by restructuring its capital and reinforcing strategic governance, while showing a clear improvement in financial performance in Q2 2025.
Aramco finalizes a strategic agreement with an international consortium led by GIP, valuing its midstream gas assets in Jafurah at $11 billion through a lease and leaseback contract.
Moscow is preparing to develop gas turbines exceeding 300 MW while strengthening existing capacities and positioning itself against the most high-performing models worldwide.
Symbion Power announces a $700 M investment for a 140 MW plant on Lake Kivu, contingent on full enforcement of the cease-fire signed between the Democratic Republic of Congo and Rwanda.
After a prolonged technical shutdown, the Greek floating terminal resumes operations at 25% capacity, with near-saturated reserved capacity and an expanded role in exports to Southeast Europe.
The Australian gas giant extends due diligence period until August 22 for the Emirati consortium's $18.7 billion offer, while national energy security concerns persist.
AMIGO LNG has awarded COMSA Marine the engineering and construction contract for its marine facilities in Guaymas, as part of its 7.8 MTPA liquefied natural gas export terminal.
Petrus Resources reports a 3% increase in production in the second quarter of 2025, while reducing operating costs and maintaining its annual production and investment forecasts.
Jihadist attacks in Cabo Delgado displaced 59,000 people in July, threatening the restart of the $20 billion gas project planned for August 2025.
Cross-border gas flows decline from 7.3 to 6.9 billion cubic feet per day between May and July, revealing major structural vulnerabilities in Mexico's energy system.
Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.
Consent Preferences