Qatar Petroleum and Elengy long-term LNG agreement

An affiliate of Qatar Petroleum and the French LNG terminal operator Elengy, a subsidiary of ENGIE Group, entered into a long-term agreement for LNG receiving, storage and regasification services at the Montoir-de-Bretagne LNG Terminal in France. Under the agreement, Qatar Terminal Limited (QTL) - a subsidiary of Qatar Petroleum - will subscribe to the equivalent of almost 3 million tons per annum of the terminal’s throughput capacity for a term up to 2035.

Montoir-de-Bretagne LNG will thereby become a new LNG import terminal position for Qatar Petroleum in Europe, facilitating the supply of Qatari and internationally sourced LNG to French and European customers. The agreement is a result of a formal “Open Subscription Period” process that was conducted and concluded during the second half of 2019 pursuant to the rules of the French Energy Regulatory Commission (CRE).