Qatargas signs new Sale and Purchase Agreement with Centrica
Qatargas, the World’s Premier LNG Company, today announced a new Sale and Purchase Agreement (SPA) with Centrica, the largest supplier of gas to households in the UK. In accordance with the SPA, Qatargas will deliver up to 2 million tonnes of Liquefied Natural Gas (LNG) per annum to Centrica until 2023, the company said in its press release.
Qatargas initially entered into a three-year contract with Centrica to supply LNG from June 2011. The Company then entered into a further four-and-a-half-year contract, with the latest five-year contract extending the agreement until December 2023.
The LNG will be supplied from Qatargas 4, a joint venture between Qatar Petroleum (70%) and Shell (30%), with a production capacity of 7.8 million tonnes-per-annum. Qatargas-chartered Q-Flex and Q-Max LNG vessels will deliver the LNG to the Isle of Grain Terminal, in the United Kingdom.
Centrica is a leading international energy and services company, supplying approximately 28 million customer accounts mainly in the United Kingdom, Ireland and North America.
