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Qatargas, Petronas UK sign new 5-year LNG deal

Xinhua, October 20, 2016 Adjust font size:

Qatargas said on Wednesday it has inked a new five-year liquefied natural gas (LNG) sale and purchase agreement with Petronas LNG UK Limited.

Under the terms of the new agreement, the world's premier LNG company will deliver 1.1 million tonnes of LNG per year to Petronas UK until Dec. 31, 2023, extending its current contract due to expire on Dec. 31, 2018, the company said in a statement.

The LNG will be supplied from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell which started production in Jan. 2011, and will be delivered on board Q-Flex LNG vessels to Dragon LNG terminal at Milford Haven, United Kingdom, according to the statement.

Petronas UK, the UK-based entity, is the Atlantic basin-focused LNG trading subsidiary of Petronas, the national oil and gas company of Malaysia. Endit