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RWE, Qatargas sign 7.5 year deal for LNG deliveries to Europe

Staff writer |
RWE Supply & Trading (RWEST) and Qatargas signed a deal: Qatargas will deliver up to 1.1 million tonnes of liquefied natural gas (LNG) per annum to RWEST in North West Europe for seven and a half years.

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On signing the deal, RWEST CEO Markus Krebber stated that “RWE is a leading global energy company and among the leading energy traders and gas supply companies in Europe.

“Our company has a strong commitment in building significant partnerships with major global energy companies and with the Middle East being one of our key regions for development, the partnership with Qatargas is of particular significance for us.”

Saad Sherida Al-Kaabi, Qatar Petroleum president and CEO and chairman, said: “Qatargas is committed to providing reliable, clean energy to consumers all over the world. This new milestone underscores our commitment to building new partnerships with leading global companies. We hope Qatargas LNG will contribute to enhance Europe’s energy supplies and energy security.”

The LNG will be supplied from Qatargas 3, a joint venture between Qatar Petroleum, ConocoPhillips and Mitsui & Co. Ltd. Qatargas chartered Q-Flex LNG vessels will deliver the LNG to RWEST in North West Europe.

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