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RasGas delivers LNG cargo to S Korea

TRIBUNE NEWS NETWORK

DOHA

RASGAS Company Limited (RasGas) on Monday announced the successful delivery of the first liquefied natural gas (LNG) cargo by Ras Laffan Liquefied Natural Gas Company Limited (3) (RL3) under the new long-term LNG sale and purchase agreement (SPA) with Korea Gas Corporation (Kogas).

The agreement was signed and executed on February 9, 2012 in Doha and is the third long-term SPA between the two companies.

Under the terms of SPA, RL3 will deliver 2 million tonnes of LNG per annum to Kogas for 20 years.

RasGas MD Hamad Rashid al Mohannadi said, “The delivery of this first cargo under the recently executed long-term LNG SPA with Kogas is both a momentous and happy occasion. RasGas is committed to the safe and reliable production and delivery of LNG to our customers world-wide. This latest and prompt delivery is a further demonstration of that.” RasGas’ Marketing and Shipping Executive Khalid Sultan al Kuwari said, “Kogas is the foundation customer of RasGas LNG and this SPA demonstrates our unsurpassed commitment to the LNG industry and our long-term LNG customers in meeting their growing LNG and broader energy demand.”


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