Dubai – QatarEnergy has finalized a significant long-term agreement with Woodside Energy to acquire three million tonnes of liquefied natural gas annually from the United States. The contract covers supplies from the Louisiana LNG project currently under construction along the Gulf Coast. This deal marks the second major procurement agreement secured by the Qatari state-owned company within a single week, highlighting its aggressive strategy to expand global supply sources.
Contract Terms and Delivery Schedule
Under the terms of the agreement, shipments are scheduled to commence in 2030 and will continue for a period of twenty years. The delivery conditions are specified as Free On Board, allowing QatarEnergy to arrange maritime transportation logistics independently. This structure provides flexibility in managing shipping routes and costs while ensuring steady supply flows to meet international demand requirements effectively.
Strategic Expansion and Leadership Statements
The signing ceremony was attended by key executives, including Minister of State for Energy and CEO of QatarEnergy, Saad Al Kaabi, and Woodside Energy Executive President Liz Wescott. Al Kaabi expressed satisfaction with strengthening the company’s global commercial portfolio through this new long-term purchase agreement. He emphasized that these additional volumes position QatarEnergy as the largest buyer of US LNG, enhancing its ability to meet growing global needs.
Broader Portfolio and Investment Context
This agreement complements QatarEnergy’s existing investments in the Golden Pass LNG project, developed in partnership with ExxonMobil. The company holds a seventy percent stake in Golden Pass, aiming for an annual production capacity of eighteen million tonnes upon completion. Recent exports from the first liquefaction line began in April 2026, supporting long-term growth strategies amid shifting market dynamics.
Recent Market Challenges and Diversification
The new contracts follow disruptions to Qatar’s LNG exports in 2026 due to geopolitical tensions affecting the Strait of Hormuz. Quarterly reports indicated a significant drop in export volumes during the third quarter compared to the previous year. These recent deals with Woodside and Cheniere Energy aim to diversify supply chains and mitigate risks associated with regional instability, ensuring sustained operational resilience in the global energy market.
This story was produced in the newsroom from the disclosed sources named above.
