In a groundbreaking development, Qatar has inked a landmark 27-year agreement with France, solidifying a substantial partnership that will see Qatar export natural gas to France. The deal, signed with great ceremony and anticipation, not only secures energy resources for France but also strengthens the economic and geopolitical ties between the two nations.
According to these two agreements, Qatar will export 3.5 million tons of liquefied natural gas to France from 2026 for 27 years. The liquefied natural gas will be sent to the south of France by the two joint companies of Qatar Energy and Total Energies, which have a stake in the development of the Shamal gas field. These two agreements were signed by Saad bin Sharidah Al Kaabi, Minister of Energy and CEO of Qatar Energy Company, and Patrick Pouanieh, Chairman of the Board of Directors and CEO of Total Energies.
This historic deal is set to enhance France's energy security by providing a long-term, reliable source of natural gas. The agreement guarantees a stable supply of this vital energy resource, assuring energy stability for France for nearly three decades.
The agreement is expected to have significant economic implications for both Qatar and France. It will boost economic growth, foster job creation, and pave the way for investments in infrastructure and technology in both countries.
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