QatarEnergy to supply condensate to Japan's Mitsui in 10-year deal [Reuters]
MITSUI & CO LTD ADR (MITSY)
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Source: Reuters
of condensate per year for 10 years starting in April, Qatar's state-owned energy company said on Sunday. The deal includes an option to increase the volume of condensate QatarEnergy exports to Mitsui & Co when additional volumes become available from Qatar's vast North Field liquefied natural gas (LNG) expansion project, the QatarEnergy statement said. "We are delighted to announce the signing of this long-term sales agreement with one of our strategic Japanese partners, solidifying our decades-long relationship with Mitsui," said Saad Sherida Al-Kaabi, CEO of QatarEnergy and Qatar's Minister of State for Energy Affairs. Condensates, the by-product of the natural gas production process, are often used in the production of gasoline. Japanese Prime Minister Fumio Kishida agreed to strengthen energy ties and economic cooperation with Qatar in July when he visited the major gas producing country. Mitsui & Co said last October it was considering buying a stake in the North Field
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