Qatargas, RWE in LNG supply deal

Qatargas, RWE in LNG supply deal

World’s largest liquefied natural gas producer, Qatargas has expanded its European client portfolio by signing a seven-year sales and purchase agreement with RWE Supply & Trading, trading unit of German utility RWE.

According to Qatargas’ statement, it has agreed to deliver 1.1 million tons of LNG per year, supplied from the Qatargas 3, the joint venture between Qatar Petroleum, ConocoPhillips and Mitsui & Co.

Khalid Bin Khalifa Al-Thani, chief executive officer of Qatargas noted that the company is working to expand its European client portfolio.

With the emerging export volumes from the United States and Australia, Qatar is looking to reinforce its position as the leading supplier of liquefied natural gas.

It was reported in March that Qatargas is looking to expand LNG supply deals with UK and Dutch terminals.

However, it is not only the European market that Qatargas is adding new supply deals in. On June 30, the company signed a 20-year contract with Global Energy Infrastructure (GEIL) of Pakistan for the supply of 1.3 mtpa of LNG per year.

 

 

 

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