(CercleFinance.com) – Eni announces that it has signed a long-term contract with QatarEnergy LNG NFE, a joint venture between Eni and QatarEnergy dedicated to the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion of cubic meters per year (bcma) of LNG.
The available volumes will be delivered to the ‘FSRU Italia’ receiving terminal, currently located in Piombino, Italy, with deliveries planned from 2026 for a duration of 27 years.
The volumes of LNG produced by the NFE project will increase Qatar’s LNG production by 45 billion cubic meters on top of the current 108 billion cubic meters.
The LNG supply contract will contribute to Italy’s security of supply through the diversification of its sources of supply.
This agreement strengthens the partnership between Eni and QatarEnergy and constitutes a further step in the development of Eni’s integrated global LNG portfolio.
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