QatarEnergy, Eni Sign 27-Year LNG Supply Contract for Italy
Up to 1 MTPA of LNG will be delivered to FSRU Italia in Piombino, the Tuscany region of Italy.
QatarEnergy and Eni have entered into a long-term LNG sale and purchase agreement (SPA) for the delivery of up to 1 million tons per annum (MTPA) of LNG from Qatar to Italy. According to the terms of the supply agreement, the LNG will be delivered to the floating storage and regasification unit (FSRU) Italia, docked at the port of Piombino in the Tuscany region.
The LNG deliveries are scheduled to begin in 2026 and will continue on a yearly basis for the agreed upon 27-year period. The exported gas will be derived from the joint venture between QatarEnergy and Eni, which holds an interest in Qatar’s North Field East (NFE) expansion project.
“Today, we are taking another important step in strengthening our partnership with Eni that will foster our mutual cooperation for many years to come,” said Saad Sherida Al-Kaabi, CEO of QatarEnergy and minister of energy affairs. “Our partnership with Eni has borne LNG deliveries through the Fluxys LNG terminal in Belgium’s Zeebrugge port and upstream exploration projects in various locations around the world. This agreement further builds on Eni’s first entry in the upstream sector in the State of Qatar through our partnership in the NFE expansion project.”
The SPA was signed by Saad Sherida Al-Kaabi, minister of energy affairs and CEO of QatarEnergy, and Claudio Descalzi, CEO of Eni. The signing ceremony took place at an event held in Doha, Qatar, and was witnessed by senior executives from QatarEnergy and Eni.
Signing ceremony between QatarEnergy and Eni, Doha, Qatar; Image Credits: QatarEnergy
“Together, we will continue to demonstrate commitment to the European markets in general, and to the Italian market in particular,” added Minister Al-Kaabi. “Since 2009, Qatari LNG has been arriving at the Adriatic LNG terminal in the northern Adriatic to meet more than 10% of Italy’s natural gas requirements.”
Eni is partnering with QatarEnergy for the 32 MTPA North Field East expansion, owning a 3.125% share in the LNG project.
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