The deal, set to commence in April 2025, will see up to 18 million tonnes of naphtha delivered to Shell
The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported
Shell announced a plan to divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses
Shell has said it believes gas and LNG will play a critical role in the energy transition by replacing more polluting coal in power plants
Gulf state Qatar is set to supply Shell in Singapore with up to 18 million barrels of oil a year for five years
Shell will take a 9.375 per cent stake in North Field South, which will expand Qatar’s LNG output capacity by 16 million tons a year
$6bn share buybacks are expected to be completed by Q3 2022 results
Etihad is working with New Zealand’s CarbonClick to develop its voluntary guest offset programme
Members of the Oil & Gas Climate Initiative pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025