DOHA: Qatar Liquefied Gas Company Ltd 4 (Qatargas 4) and Petronas LNG (UK) Ltd (PLUK) signed a five-year Sales and Purchase Agreement (SPA) for an annual LNG (liquified natural gas) volume of 1.14 million tonnes, effective January 2014, Qatar News Agency (QNA) reported.
The signing ceremony was held at the Qatar National Convention Centre (QNCC), here. Representatives from Qatargas 4, Petronas' management committee and PLUK attended the ceremony.
Petronas LNG (UK) Ltd is the Atlantic Basin focused company of Malaysia's national oil and gas company, Petronas.
According to a press statement released Tuesday, the LNG will be supplied from Qatargas 4 (Train 7) and will be delivered on board Q-Flex LNG Vessels to Petronas Dragon LNG Terminal located in Milford Haven, UK.
Minister of Energy & Industry and chairman of the Board of Directors of Qatargas, Dr Mohammed Bin Saleh Al-Sada, signed the SPA on behalf of Qatargas 4 while the executive vice president, gas & power business of Petronas, Datuk Anuar Ahmad, signed on behalf of Petronas LNG (UK) Ltd.
Al-Sada welcomed the signing of the SPA as "another milestone in Qatar's standing as a reliable international energy supplier."
Al-Sada said: "This is a ground-breaking agreement between two well established and leading companies in the LNG sector, which further strengthens the existing relationship between Qatargas and Petronas."
Meanwhile, Qatargas' chief executive officer, Khalid Bin Khalifa Al Thani, said that he is delighted that Qatargas has succeeded in increasing its customer base and global LNG reach.
"We, in Qatar, are very proud to partner with Petronas and its subsidiary Petronas LNG (UK) for the UK market which continues to be one of the most important LNG markets in Europe. This SPA further demonstrates Qatargas commitment as a reliable LNG supplier to the world," he noted.
The two companies recently concluded a Master Sales and Purchase Agreement (MSPA) under which Qatargas delivered its first ever LNG cargo to Malaysia. The cargo was delivered in July 2013 to Malaysia's first LNG receiving terminal in Melaka.-- Bernama