Qatargas, Petronas Ink Five Year LNG Deal

Qatargas and Petronas LNG (UK) signed a five-year sale and purchase agreement (SPA) for an annual LNG volume of 1.14mn tonnes, with effect from January 2014, Gulf Times reported.

The LNG will be supplied from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell, which started production in January 2011.

This will be delivered on board Q-Flex LNG vessels to Petronas Dragon LNG Terminal located in Milford Haven, UK, according to Gulf Times.

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 located in Melaka.