June was a big month for Qatar’s future naphtha exports, with state-firm QatarEnergy announcing a trio of ten-year deals to supply naphtha to key buyers in Japan and India. The three deals tie up 1.7mn t/y (41,000 b/d) of Qatar’s roughly 10mn t/y (240,000 b/d) of annual naphtha exports, according to data intelligence firm Kpler.
The most recent deal, announced on 23 June, entails the firm providing 9mn tons of naphtha to Japan’s Eneos Corporation starting from July. The deal follows on from two similar long-term agreements inked earlier in the month. Ten days prior, QatarEnergy announced a ten-year deal to supply India’s Haldia Petrochemicals Limited (HPL) with up to 2mn tons of naphtha with immediate effect. And on 4 June it inked another decade-long supply deal with Japan’s Idemitsu Kosan for 6mn tons of the petrochemical feedstock starting from July. (CONTINUED - 910 WORDS)
