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by Staff Writers Doha (AFP) Dec 7, 2011
Qatargas on Wednesday signed a deal to export an additional 200,000 tonnes per annum of liquefied natural gas (LNG) to Japan's Chubu Electric Power Company and Shizuoka gas Company. The six-year agreement signed on the sidelines of the World Petroleum Congress in Doha stipulates that Qatargas will start delivering the LNG in 2016 from the Qatargas 1 joint venture. The deal "further nurtures our long-lasting relationship with Chubu Electric Power Company while it welcomes Shizuoka Gas Company as the first new long-term Japanese buyer of LNG," said Qatargas CEO Khalid bin Khalifa al-Thani. Demand for gas has increased markedly in Japan, the world's largest importer of LNG, since a massive tsunami in March placed the country's nuclear energy supply under pressure. Qatargas has sold LNG in excess of a total of seven million tonnes annually to Japan. In the aftermath of tsunami, Qatargas increased its sales commitment to Japan to nine million tonnes, according to a statement. The small Gulf emirate, which holds the world's third-largest gas reserves, last year celebrated raising its LNG production capacity to 77 million tonnes annually, boosting its position as the world's largest producer.
Powering The World in the 21st Century at Energy-Daily.com
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