The new sales and purchase agreement sees Qatargas’ contract to supply gas from Qatargas 4 (Train 7) to Dragon LNG terminal at Milford Haven in the UK extended to a decade long deal expiring 31 December 2023.
A total of 1.1m tonnes per annum will be delivered via Q-Flex LNG vessels when the current deal expires in December 2018 from Qatargas 4, a joint venture between Qatar Petroleum and Shell which started production in January 2011.
“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,” Qatargas chairman Saad Sherida Al-Kaabi said.
PLUK is the Atlantic basin-focused LNG trading subsidiary of Petronas, the national oil and gas company of Malaysia. PLUK is also responsible for securing LNG supplies into Dragon LNG terminal where Petronas owns 50% equity and capacity stake.
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