Oct 09 2010 |
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Qatargas, Repsol sign deal to ship to Canada
Doha - Qatar, 09 October 2010: Today Qatargas and Repsol Energy Canada Ltd. signed a new sales and purchase agreement under which Qatargas will supply liquefied natural gas (LNG) to Repsol Energy Canada Ltd.
The proposed annual LNG sale to Canada will involve Q-Max deliveries and will come from the Qatargas 3 Company. It will be delivered at the Canaport™ LNG facility in Saint John, New Brunswick (Canaport LNG). Initially, the supply will be for three years commencing with the first LNG delivery from Qatargas 3 project, Train 6.
Commenting on the deal, Sheikh Khalid bin Khalifa Al-Thani, Chief Executive Officer of Qatargas , said:
The deal further adds value as it will allow us to have access to the premium North East US market and Canada for the first time."
"The new LNG supply from Qatar strengthens Repsol 's position in the Canadian and Northeast US markets as a reliable, diversified, flexible supplier of natural gas."
Qatargas ' state-of-the art Q-Max LNG carriers are capable of delivering 266,000 cubic meters of LNG during a single voyage. They are the biggest LNG carriers in the world. The company's fleet of Q-Flex and Q-Max carriers represents a step-change in LNG shipping technology.
-Ends-Notes to Editor
About Qatargas
Qatargas pioneered the liquefied natural gas (LNG) industry in Qatar. Today, the Company is realizing its vision to deliver LNG to customers around the globe from its world-class facilities in Qatar.
Qatargas was established in 1984 and since that time the Company has progressively established itself as a leading player in the LNG industry.
Today Qatargas is exporting 26 mtpa of LNG from five LNG trains. Qatargas ' customers are now spread throughout the world including Japan, Spain, the United Kingdom, Canada and China.
Currently, the Company is undergoing a period of rapid expansion, which when completed at the end of this year will see Qatargas exporting 42 mtpa of LNG to markets in Europe, Asia and North America.
About RepsolRepsol is a fully integrated oil and gas company, operating in over 30 countries. Repsol is one of the ten largest private oil companies in the world and one of the world's largest LNG players. Repsol is the managing general partner in Canaport™ LNG Limited Partnership, the entity that owns and operates Canaport LNG. Repsol has contracted for 100% of the capacity in Canaport LNG.
Contact details
Lynda James
lyjames@qatargas.com.qa
Ph +974 77 99 66 35
Thajudeen Aliar
taliar@qatargas.com.qa
Ph +974 33 40 64 74
© Press Release 2010
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