QatarEnergy, Shell sign 25-year condensate supply agreement

QatarEnergy has entered into a long-term condensate supply agreement with Singapore-based Shell International Eastern Trading Co. (SIETCO), a subsidiary of Shell Plc.

The agreement stipulates the supply of up to 285 million bbl of condensate to Shell during its 25-year term, beginning in July 2025.

In a release Apr. 30, QatarEnergy said the agreement is the company’s first 25-year condensate sales agreement and “the largest and longest duration condensate agreement to date.”