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Qatargas and Petronas LNG in a 5-year deal

Staff writer |
Qatar Liquefied Gas Company and Petronas LNG (UK) signed a five-year Sales and Purchase Agreement for an annual LNG volume of 1.14 million tones, effective January 2014.

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The LNG will be supplied from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell which started production in January 2011, and will be delivered on board Q-Flex LNG Vessels to Petronas' Dragon LNG Terminal located in Milford Haven, United Kingdom.

The two companies recently concluded a Master Sales and Purchase Agreement (MSPA) under which Qatargas delivered its first ever LNG cargo to Malaysia. The cargo was delivered in July 2013 to Malaysia's first LNG receiving terminal located in Melaka.

Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and Chairman of the Board of Directors of Qatargas signed the SPA on behalf of Qatargas 4 while the Executive Vice President, Gas & Power Business of Petronas, Datuk Anuar Ahmad signed on behalf of Petronas LNG (UK) Ltd.

His Excellency Dr. Mohammed Bin Saleh Al-Sada welcomed the signing of the SPA as "another milestone in Qatar's standing as a reliable international energy supplier."

Mr. Al-Sada said “This is a ground-breaking agreement between two well established and leading companies in the LNG sector, which further strengthens the existing relationship between Qatargas and Petronas."

"I am delighted that Qatargas has succeeded in increasing its customer base and global LNG reach. We, in Qatar, are very proud to partner with Petronas and its subsidiary Petronas LNG (UK) for the UK market which continues to be one of the most important LNG markets in Europe. This SPA further demonstrates Qatargas' commitment as a reliable LNG supplier to the world," said Qatargas chief executive officer Khalid Bin Khalifa Al Thani.

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