Qatargas and Malaysia's Petronas LNG UK (PLUK) signed a five-year LNG sales and purchase agreement, an extension of its current contract due to expire in December 2018, Qatargas announced on Wednesday.
The company said it will now deliver LNG to PLUK until Dec. 31, 2023.
"I'm delighted to announce that by this agreement, Qatargas has extended its strong relationship with Petronas for many years into the future. This extension will enhance Qatar’s leading position in the LNG market, and will further reinforce Qatargas’ commitment to meeting the needs of its customers of this clean energy source," said Saad Sherida Al-Kaabi, chairman of Qatargas board of directors.
He said that most importantly, this agreement is a testament to Qatargas' proven ability to safely and reliably deliver LNG to customers not only in the U.K. but all over the world.
Qatargas will deliver 1.1 million tonnes of LNG per year to the U.K.-based entity.
The LNG will be supplied from Qatargas 4, a joint venture between Qatar Petroleum and Shell which started production in January 2011 and will be delivered to the Dragon LNG terminal at Milford Haven in the U.K.
By Murat Temizer
Anadolu Agency
murat.temizer@aa.com.tr