Qatargas, RWE Enter LNG Supply Deal
- Business & Finance
Qatar-based liquefied natural gas (LNG) company Qatargas has signed a contract with European energy trading centre RWE Supply & Trading (RWEST) for the delivery of up to 1.1 million tonnes of liquefied natural gas (LNG) per annum to RWEST in North West Europe for seven and a half years.
The cargo is scheduled to be transported aboard the Qatargas-chartered Q-Flex LNG vessels, which feature a length of 315 meters and a width of 50 meters.
With a capacity of 210,100 to 217,000 m3, the ships will deliver the LNG to RWEST in North West Europe.
The LNG will be supplied from Qatargas 3, a joint venture between Qatar Petroleum, ConocoPhillips and Mitsui & Co. Ltd.
“Qatargas is committed to providing reliable, clean energy to consumers all over the world. This new milestone underscores our commitment to building new partnerships with leading global companies. We hope Qatargas LNG will contribute to enhance Europe’s energy supplies and energy security,” Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors, said.