QatarEnergy has entered into definitive agreements with CPC Corporation, Taiwan (CPC), for the long-term supply of LNG and a partnership in the North Field East (NFE) LNG expansion project. The agreements include an LNG Sales and Purchase Agreement (SPA) for delivering four million tons per annum (MTPA) of LNG from the NFE project to CPC over 27 years.
Additionally, a share sale and purchase agreement was signed, under which QatarEnergy will transfer a 5 percent interest in one NFE train with an eight MTPA capacity to CPC. This makes CPC a partner in the NFE project without altering the participating interests of the other shareholders.
The agreements were signed by His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy, and Mr. Shun-Chin Lee, Chairman of CPC Corporation, Taiwan. The ceremony took place at QatarEnergy’s headquarters in Doha, attended by senior executives from both companies.
Minister Al-Kaabi welcomed CPC as a valuable partner in the NFE project, emphasizing the strong, three-decade-long relationship between the two entities. He reiterated QatarEnergy’s commitment to its global customers and partners. Minister Al-Kaabi also expressed gratitude to the teams from both companies for their dedication and hard work in finalizing the agreements.
Mr. Shun-Chin Lee highlighted QatarEnergy's significant role in Taiwan’s domestic gas market over the years. He stated that CPC’s equity stake in the NFE project and the new LNG SPA would further strengthen the cooperative relationship between CPC and QatarEnergy. These agreements underscore the longstanding partnership between QatarEnergy and CPC and their shared commitment to ensuring a stable and long-term LNG supply.