Latest Deals
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and president and CEO of QatarEnergy, signed the agreement with Shell CEO Wael Sawan. Credit: QatarEnergy
QatarEnergy signs 25-year condensate supply deal with Shell
QatarEnergy has entered into a 25-year condensate supply agreement with Shell International Eastern Trading Company (SIETCO), a subsidiary of Shell. This deal, set to commence in July 2025, will involve the supply of up to 285 million barrels (mbbl) of condensate over its term.
MOL Group, Turkish Petroleum to explore hydrocarbons in Hungary
MOL Group and Turkish Petroleum have entered into concession agreements with Hungary’s Ministry of Energy, granting the companies rights for joint hydrocarbon exploration in two areas in Hungary, reported a European news outlet. The companies formalised their partnership last October.
INEOS signs deal with Covestro for LNG supply
INEOS has signed an agreement with Covestro for the supply of natural gas for eight years. The deal is stated to build on INEOS’ newly established LNG supply chain. INEOS will also provide Covestro with feedstock and energy source for its operations in Europe.
Eni reaches financial close with UK for Liverpool Bay CCS project
Eni has reached financial close with the UK’s Department of Energy Security and Net Zero for the Liverpool Bay CCS (carbon capture and storage) project. With this development, the project can move into the construction phase, catalysing investment in local supply chain contracts.
