Qatargas, Petronas pen five-year LNG supply deal

Qatargas, Petronas pen five-year LNG supply deal
Image courtesy of Qatargas

Qatargas on Wednesday said it has signed a five-year LNG sale and purchase agreement with Petronas’ UK-based liquefied natural gas trading arm.

Under the terms of the new contract, Qatargas will deliver the chilled gas to Petronas LNG UK until 31 December 2023, an extension of its current contract due to expire on 31 December 2018, according to the company’s statement.

A total of 1.1 million tons per year has been secured through the contract that has been extended.

The LNG will be supplied from Qatargas 4, 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 Dragon LNG terminal at Milford Haven, United Kingdom.

Malaysian giant Petronas owns 50 percent equity and capacity stake.

Share this article

Follow LNG World News

Events>

<< Jan 2019 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Gas to Power APAC Congress 2019

The Gas to Power APAC Congress will bring together regional government officials and senior representatives from regulators…

read more >

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >