A Sales and Purchase Agreement 1.25 million tonnes per annum (MTPA) of liquefied natural gas (LNG) was signed today, the 9th of July 2021, by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO, Qatar Petroleum, and Shun-Chin Lee, President and Acting Chairman, CPC.
The 15-year deal was signed during a virtual ceremony attended by Sheikh Khalid bin Khalifa Al Thani, CEO of Qatargas and senior officials from both sides.
Commenting on the agreement, Al-Kaabi said, “We are pleased to enter into this long-term LNG SPA, which is another milestone in our relationship with CPC, which dates back to almost three decades.”
“We look forward to commencing deliveries under this SPA and to continuing our supplies as a trusted and reliable global LNG provider.”
The SPA will see the LNG deliveries beginning in January 2022, being delivered to CPC’s receiving LNG terminals.
Al-Kaabi also thanked those involved, saying, “We are grateful to CPC and all our customers around the world for selecting us as their trusted LNG supplier of choice.”
“I also would like to offer my thanks and gratitude to Sheikh Khalid bin Khalifa Al Thani, CEO of Qatargas, for his valuable contribution, to achieve this important milestone.”
CPC has received more than 63 million tonnes of LNG from Qatar since the first LNG delivery in March 2006.