QatarEnergy has signed a major agreement with Shell International Eastern Trading Company (SIETCO) to supply condensate for 25 years. This marks a significant step in strengthening long-term energy trade between Qatar and one of the world’s largest energy companies. long-term condensate supply underscores the strategic importance of this deal, which begins in July 2025.
The agreement allows QatarEnergy to supply up to 285 million barrels of condensate over the 25-year period. SIETCO, a Singapore-based unit of Shell Plc, will be the buyer under the terms of the deal. This move aligns with Qatar’s strategy to expand its footprint in global energy markets through stable and lasting partnerships.
QatarEnergy continues to position itself as a reliable supplier in the global energy market. Through such agreements, the company ensures long-term stability for its operations and clients. The “long-term condensate supply” deal also reflects Shell’s confidence in Qatar’s energy sector and infrastructure.
Shell, with a presence in Qatar for over a century, aims to strengthen its trading portfolio in Asia through this agreement. The Asia-Pacific region continues to show rising demand for cleaner energy sources. Condensate, a light petroleum liquid, is used in fuel production and as a feedstock in petrochemicals.
This agreement builds on the strong relationship between Shell and QatarEnergy, forged through decades of cooperation. It also aligns with Qatar’s broader energy strategy, which focuses on sustainability, reliability, and growth.
In conclusion, this “long-term condensate supply” deal highlights the importance of dependable energy partnerships. Both QatarEnergy and Shell are looking ahead to a future built on trust, trade, and shared goals.
