Eni signs deal to bring Qatari gas to Italy

DOHA, October 24, 2023 – Eni has signed a 27-year contract with QatarEnergy for the supply of LNG to Italy from Qatar’s North Field East project, the Italian energy giant announced on Monday.

The deal will see delivery of up to 1.5 bcm of LNG per year to the FSRU Italia receiving terminal currently located in Piombino, Italy.

Deliveries are expected to begin in 2026.

Cost of the contract was not disclosed.

Earlier in October, QatarEnergy signed similar deals with TotalEnergies to export gas to France and Shell to export gas to the Netherlands.

Qatar expects to raise LNG production capacity through its two-phase expansion plan from 77 million tonnes per year to 126 million tonnes per year by 2027.

Qatar’s Minister of State for Energy Affairs recently said the country is on the path to take on 40% of global LNG output by 2029.

Qatar’s North Field is located in the northeast of the country’s peninsula. It is the world’s largest gas field and contains around 10% of the globe’s known gas reserves.

QatarEnergy held the ground-breaking ceremony for its giant North Field expansion project earlier in October.

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