QatarEnergy plans long-term LNG supply deal with Japan

QatarEnergy is negotiating a long-term agreement with a consortium of Japanese companies to supply at least 3 million metric tons of LNG annually from its North Field expansion, aiming to reinforce its dominance in Japan amid growing competition from the US and neighboring Gulf states offering more flexible contracts. The Japanese buyers in the talks reportedly include JERA and Mitsui, who are seeking to diversify supply sources for stability. Separately, QatarEnergy signed its first-ever 25-year condensate sales agreement with Shell International Eastern Trading Company, committing up to 285 million barrels of condensate starting July 2025. This landmark deal, the largest and longest of its kind for QatarEnergy, builds on the companies' longstanding partnership and follows a recent 20-year naphtha sales agreement. Both agreements are seen as providing stability, certainty, and value to the parties involved, reflecting QatarEnergy's strategy to secure major long-term customers in Asia and beyond. Executives from both QatarEnergy and Shell emphasized the strategic importance and mutual benefits of these extended commitments.