Qatargas will deliver up to two million tonnes of liquefied natural gas (LNG) per year to the UK's Centrica as part of a new five–year agreement (SPA).
The LNG will be supplied until 2023 from Qatargas 4, a joint venture between Qatar Petroleum (70%) and Shell (30%).
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Qatargas initially signed a three-year contract with Centrica to supply LNG from June 2011 and later on signed another four-and-a-half-year contract.
The new contract is set to begin in January 2019, following expiry of Centrica’s existing contract with Qatargas at the end of December 2018.
Qatargas CEO Khalid Bin Khalifa Al-Thani said: “Qatargas is pleased to lengthen our existing partnership with Centrica – a partnership which dates back to 2011.
“This new agreement reinforces Qatargas’ commitment to building a strong relationship with customers, and our position as the leading supplier of LNG to the UK.”
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By GlobalDataQ-Flex and Q-Max LNG vessels are chartered by Qatargas and will deliver the LNG to the Isle of Grain Terminal located in the UK.
Centrica Group chief executive Iain Conn said: “Centrica continues to develop its presence in the global market.
“The scale of our gas demand and our strong energy marketing and trading capabilities mean we are ideally placed to work with LNG producers across the world, providing flexibility and a route to market at a time when secure market access is increasingly important.”
The company supplies about 28 million customer accounts primarily in the UK, Ireland and North America.
Image: Q-Flex and Q-Max LNG vessels will deliver the LNG to the Isle of Grain Terminal in the UK. Photo: courtesy of Qatargas Operating Company Limited.
