QatarEnergy, Shell ink record 25-year condensate deal

DOHA, May 1, 2025 – QatarEnergy has signed a 25-year condensate supply agreement with Shell subsidiary Shell International Eastern Trading Company (SIETCO) as offtaker, QatarEnergy announced on Wednesday.

 

Under the terms of the deal, QatarEnergy will supply Shell with up to 285 million barrels of condensate over a 25-year period, starting in July 2025.

“We are delighted to sign QatarEnergy’s first 25-year condensate sales agreement, the largest and longest duration condensate agreement to date. These long-term agreements provide stability and certainty, and helps deliver more value to our customer Shell,” said Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs.

The agreement follows an October 2024 deal between the companies for the supply of up to 18 million tonnes of naphtha over a 20-year period, starting in April 2025.

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