qatargas e on sign 5 year sales and purchase agreement
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Qatargas, E ON sign 5 year sales and purchase agreement

Arab Today, arab today

Arab Today, arab today Qatargas, E ON sign 5 year sales and purchase agreement

Doha - QNA

Qatar Liquefied Gas Company Limited (4) (Qatargas 4) and E.ON Global Commodities SE (E.ON) today signed a flexible SPA for five years starting in January 2014 and covering a volume of approximately 1.5 million tonnes of LNG per year. The LNG will come from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell, and will be delivered on-board Q-Max LNG vessels to the Gate LNG Terminal in Rotterdam, Netherlands. HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and Chairman of the Board of Directors of Qatargas, signed the SPA on behalf of Qatargas 4, while Christopher Delbr?ck, CEO of E.ON Global Commodities SE, and Richard Baylis, Director of LNG, E.ON Global Commodities SE, signed on behalf of E.ON. Klaus Sch?fer, CFO of E.ON SE, also took part in the ceremony in Doha. HE Dr. Mohammed Bin Saleh Al-Sada welcomed the signature of the SPA as “another milestone in Qatar’s supply of clean energy to the world”. Dr. Al-Sada said: “We are very pleased with this agreement as it marks the beginning of a relationship between Qatargas, the largest LNG producing company in the world, and E.ON SE, one of the world’s largest investor-owned power and gas companies.” Qatargas’ Chief Executive Officer, Khalid Bin Khalifa Al Thani, also added: “The signing of this agreement represents a significant step for Qatargas in the development of its Global Strategy. We are delighted to have E.ON Global Commodities as a partner.” “Qatargas continues to be committed to building strong relationships with its customers based on trust, reliability, flexibility and operational excellence.” Speaking at a ceremony in Doha, Christopher Delbr?ck, CEO of E.ON Global Commodities SE, said: “This contract represents a significant step in the development of our global growth strategy and is a major achievement in forging a long-term partnership with the State of Qatar.” Richard Baylis, Director of LNG, E.ON Global Commodities SE, said: “I am very pleased that we have been able to conclude this agreement with Qatargas. It is the culmination of a lot of effort from both companies over a number of years to find a suitable agreement in a rapidly changing LNG marketplace. The deal works well because it utilizes our existing regasification position and provides Qatargas with access to arguably the most diverse European end user portfolio and, as a result, a new commercial home for their volumes.” John Roper, Head of Middle East, E.ON Global Commodities SE, also added: “This agreement shows our commitment to developing our presence in one of the world’s most important energy-focused regions. EON has been engaged with Qatargas for many years and we have developed a sound working relationship. It is through both company’s openness in discussion that we have been able to find a formula for the delivery of Qatari LNG into the EON gas portfolio that will provide flexibility and materiality for both companies.”Executive representatives from Qatar Petroleum, Qatargas 4 and E.ON Global Commodities attended the ceremony, which was held in Doha at the Four Seasons Hotel. Qatargas delivered its first LNG cargo to The Gate receiving terminal in Rotterdam in the Netherlands in July of this year under a Master Sales and Purchase Agreement (MSPA) signed between the two companies in 2011.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

qatargas e on sign 5 year sales and purchase agreement qatargas e on sign 5 year sales and purchase agreement

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

qatargas e on sign 5 year sales and purchase agreement qatargas e on sign 5 year sales and purchase agreement

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday