Qatar Petroleum has signed a major offtake agreement for its LNG in France. The state-firm announced on 20 February that it has booked “almost” 3mn t/y throughput capacity at the 10mn t/y Montoi-de-Bretagne import terminal out to 2035.
The import terminal is operated by Elengy, a subsidiary of French utility Engie. Preliminary EU import statistics indicate that France imported up to 2.5mn tons of LNG from Qatar last year, up from less than 1mn tons in 2018. This latest deal should certainly pave the way for a sizeable increase. Overall, volumes from Qatar flooded into Europe last year, although this didn’t result in a commensurate revenue boost as prices collapsed (MEES, 21 February). (CONTINUED - 376 WORDS)