Qatar Gas, Centrica sign new agreement

Qatar Gas—a premier LNG Company, has recently 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, Qatar Gas will deliver up to 2 million tonnes of Liquefied Natural Gas (LNG) per annum to Centrica until 2023.

Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer, and Chairman of Qatar Gas Board of Directors, said, “We are delighted to extend our strong relationship with Centrica and the United Kingdom. This agreement underscores Qatar Gas’ reputation as a safe and reliable supplier of LNG. Furthermore, this agreement has the potential to positively contribute to the United Kingdom’s energy security for years to come.”

Qatar Gas 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 Qatar Gas 4, a joint venture between Qatar Petroleum (70%) and Shell (30%), with a production capacity of 7.8 million tons-per-annum. Qatar Gas-chartered Q-Flex and Q-Max LNG vessels will deliver the LNG to the Isle of Grain Terminal, in the United Kingdom.

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