Lates News

QatarEnergy has signed an agreement with Cheniere Energy to purchase 4 million tonnes of liquefied natural gas per year from the latter, with the agreement valid until 2054. This is the first such purchase agreement the Middle Eastern country has signed with the United States, after its own production was constrained by the Iran war. The deal comes as Qatarone of the largest LNG exporters before the conflict broke outis seeking to supply gas to customers whose supplies were disrupted after its Ras Laffan facility was damaged in the war. In addition, with shipping traffic through the critical Strait of Hormuz still in turmoil, QatarEnergy has also had to significantly reduce its gas supplies.