QatarEnergy has inked a long-term agreement to supply ENOC Group with up to 120 million barrels of condensates over a period of ten years starting from July 2023.

On this occasion, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “We are pleased to sign this long-term condensate sale agreement, further strengthening QatarEnergy’s relationship with ENOC, which extends back to 2008. We look forward to building on the historic working relationship and the trust in Qatar’s condensate exports to help further the growth and development our partners hope to achieve.”

Additionally, Saif Humaid Al Falasi, Group CEO at ENOC said “We are honored to sign this long-term agreement with QatarEnergy, to strengthen the cooperation and partnership between both organizations which reiterates our commitment to offering exceptional value to our customers and stakeholders. As a leading integrated energy player, we recognize the role we play in contributing towards UAE’s continued success by collaborating with governmental entities across the globe.”

The terms of the agreement allow parties to further increase the condensate volumes under the contract, as additional condensate volume is expected to be exported from Qatar once the North Field East (NFE) and North Field South (NFS) expansion projects come online.