Qatar: CPC, RasGas Sign LNG Agreement

Taiwan’s CPC Corporation signed a long-term agreement with Qatar’s RasGas to purchase 1.5 million tonnes of LNG a year, CPC said in a statement.

The agreement was signed on the sidelines of the 20th World Petroleum Congress held in Doha.

LNG deliveries under the long-term deal will start in 2013.

Qatar, with an annual production capacity of 77 million tonnes is the world’s leading LNG exporter and in 2010 the country accounted for 25.5% of overall global LNG exports.

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LNG World News Staff, December 6, 2011; Image: Nakilat