Qatar Petroleum (QP) and Elengy signed a long-term agreement for liquified natural gas’s (LNG) receiving, storage and regasification services at the Montoir-de-Bretagne LNG Terminal in France, according to a press release.
The agreement entails that Qatar Terminal Limited (QTL), a subsidiary of Qatar Petroleum, is expected to receive approximately 3 million tons of LNG per annum until 2035. It should be noted that the terminal has a storage capacity of around 360,000 cubic meters of LNG and an annual throughput capacity of 10 billion cubic meters (bcm) of natural gas.
The agreement was signed on February 20 by Saad Al-Kaabi, Qatar’s Minister of State for Energy Affairs and the President and CEO of Qatar Petroleum, and Sandra Roche-Vu Quang, the CEO of Elengy.
“By signing this agreement, we are providing France, and Europe as a whole, reliable energy supplies, as well as increased utilization of gas as a cleaner and more environmentally friendly source of energy,” said Al-Kaabi.
Elengy CEO added that “this contract secures long-term activity at the Montoir-de-Bretagne terminal. Our LNG hub for northwest Europe offers customers optimum flexibility and an evolving range of services, from historical LNG regasification to small scale LNG, to meet the energy transition needs.”