Qatar signs new Japan LNG deal

08 December 2011

Qatargas-1 to supply 200,000 tonnes a year

Qatargas has signed a sales and purchase agreement with Japan’s Chubu Electric Power Company and Shizuoka Gas Company to supply liquefied natural gas.

Gas will be supplied from the Qatargas-1 joint venture from 2016. The deal was announced at the World Petroleum Conference in Doha.

Qatargas will transport and deliver a minimum of 200,000 tonnes a year (t/y) of LNG to a cluster of receiving terminals located in Japan, including Chita, Kawagoe, Yokkaichi, Joetsu and Sodeshi.

Shizuoka Gas Company is the first new long-term Japanese customer, in addition to the eight buyers, which formed the current consortium purchasing LNG from Qatargas-1 for contracts signed in 1992 and 1994.

Qatargas-1 is a joint venture of state-owned Qatar Petroleum, the US’ Exxonmobil, France’s Total, and Mitsui and Marubeni of Japan. It consists of three onshore LNG trains with a total combined capacity of 10 million t/y.

According to UK oil major, BP, Qatar exported approximately 7.4 million tonnes of LNG to Japan in 2010, out of a total of 57.5 tonnes (MEED 23:9:11).

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