Qatargas Extends LNG Supply Deal with Centrica

Image Courtesy: Qatargas

Qatar-based liquefied natural gas (LNG) company Qatargas signed a new sale and purchase agreement (SPA) with UK’s gas supplier Centrica to deliver up to 2 million tonnes of LNG per annum to Centrica until 2023.

The company said that the LNG would be supplied from Qatargas 4, a joint venture between Qatar Petroleum (70%) and Shell (30%), via Qatargas-chartered Q-Flex and Q-Max LNG vessels.

The ships would deliver the LNG to UK’s Isle of Grain Terminal from Qatargas 4, which has a production capacity of 7.8 million tonnes-per-annum.

Qatargas initially entered into a three-year contract with Centrica to supply LNG from June 2011.

The parties then entered into a further four-and-a-half-year contract, with the latest five-year contract extending the agreement until December 2023.

“This agreement underscores Qatargas’ reputation as a safe and reliable supplier of LNG. Furthermore, this agreement has the potential to positively contribute to the United Kingdom’s energy security for years to come,” Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer, and Chairman of Qatargas Board of Directors, said:

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