RasGas and EDF Trading Announce New LNG Supply Agreement

abarrelfullabarrelfull wrote on 31 Oct 2011 07:32
Tags: belgium edf lng qatar rasgas

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RasGas Company Limited further underlined its position as the world's liquefied natural gas (LNG) supplier of choice this week when its affiliates Ras Laffan Liquefied Natural Gas Company Limited (II) and Ras Laffan Liquefied Natural Gas Company Limited (3) signed a long-term LNG supply agreement with EDF Trading, a wholly-owned subsidiary of EDF S.A.

This latest agreement is for an annual contract quantity of up to 3.4 million tonnes of LNG per year, equivalent to approximately 4.5 billion cubic metres of natural gas per year. It marks a further extension of an already excellent and strong long-term relationship between RasGas and EDF Trading.

RasGas' Managing Director, Hamad Rashid Al Mohannadi said: "This agreement is a major achievement for RasGas and highlights a successful effort between RasGas and the EDF Group. It enables the continuation of deliveries of gas by RasGas to markets in northwest Europe.”

The LNG, which will be sourced from RasGas' existing LNG production trains in Ras Laffan, Qatar will be delivered ex-ship at the Zeebrugge LNG Terminal in Belgium.

John Rittenhouse, Chief Executive of EDF Trading said: 'This agreement emphasises EDF Trading's leading role in the long-term gas market. We are pleased to be working alongside RasGas as LNG is and will continue to be an important source of supply for the EDF Group and our third party customers'.

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