RasGas Delivers First LNG Cargo under New Long Sales and Purchase Agreement

abarrelfullabarrelfull wrote on 08 Jan 2012 10:34
Tags: cpc lng qatar ras-gas taiwan trade


RasGas Company Limited (RasGas) has announced the successful delivery of the first Liquefied Natural Gas (LNG) cargo under the new long term LNG Sale and Purchase Agreement (SPA) with CPC Corporation, Taiwan (CPC). The agreement was recently signed and executed on the 6th of December 2011 in Qatar during the World Petroleum Congress. The RasGas long term chartered LNG carrier named "Fuwairit" has delivered and completed the discharge of its LNG cargo successfully and safely ex-ship at CPC Corporation Taiwan Yung-An LNG receiving terminal in Taiwan on Thursday 5th January, 2012.

Under the terms of this long term SPA, Ras Laffan Liquefied Natural Gas Company Limited (3) will deliver 1.5 Mta of LNG for 20 years starting in 2013, and in addition will deliver incremental volumes from 2012 to 2016.

Commenting on this occasion, Hamad Rashid Al-Mohannadi, RasGas Managing Director said, "The delivery of this first cargo under the recently executed long term LNG SPA with CPC Corporation - Taiwan marks a new milestone in our existing and strong relationship with them, one in which we see a great future ahead.”"

Khalid Sultan Al-Kuwari, Marketing and Shipping Executive at RasGas, commented, "Our new long term LNG SPA with CPC exhibits our commitment to the LNG industry and our long term LNG customers in meeting their growing LNG and energy demand, and this delivery of our first cargo promptly following the execution of this new long term agreement with CPC is a further testimony of Qatar and RasGas as being a safe and a reliable global LNG supplier."

"This cargo which was discharged on 5th of January not only stands for the continuity of mutual trust and cooperation between RasGas and CPC, but also proves Qatar’s capabilities and flexibility to meet the increasing market demand,”"said Chairman Chu of CPC Corporation, Taiwan on this significant milestone in its relationshp with Qatar and RasGas.


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