Qatar Petroleum (QP) on 5 October said it has signed a new long-term sale and purchase agreement with Abu Dhabi-led Dolphin Energy under which it will deliver additional pipeline gas supplies to meet the UAE’s rising gas demand. Plans to boost shipments through the 3.2bn cfd-capacity subsea link had been delayed for years. The agreement is yet another sign of Qatar’s shifting marketing strategy.
While QP and Dolphin remained tight-lipped on the details – no details on price, duration, start-date or even volumes were released – the route has around 1.2bn cfd of additional capacity. Under the existing long-term agreement set to expire in 2032, only two thirds of the route’s capacity is used, with shipments totaling 1.924bn cfd in 2015 (see chart). (CONTINUED - 826 WORDS)