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Tribune News Network
Doha
RasGas said on Wednesday it signed a new agreement with French energy company EDF to deliver up to 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) starting from next year.
Under the deal, Ras Laffan Liquefied Natural Gas Company 3 will deliver the LNG into EDF's new terminal in Dunkerque, France.
"This new agreement complements three existing long -erm sales and purchase agreements between RasGas ventures and EDF Group subsidiaries, for delivery of up to 4.6 Mtpa to Edison in Italy and up to 3.5 Mtpa to EDF Trading in Belgium," RasGas said in a statement.
The agreement was signed by Hamad Mubarak al Muhannadi, RasGas Chief Executive Officer and Marc Benayoun, EDF Group Senior Executive, and Vice-President and CEO of Edison.
Commenting on the occasion, Muhannadi, said:"This latest agreement is an excellent example of RasGas' continued commitment to develop and execute opportunities that respond to our customer's needs."
"We are proud that, together with EDF, we have played a significant role in continuing to provide a safe and reliable supply of energy to the homes, businesses and communities of Europe."
Benayoun said,"This agreement with RasGas reflects EDF's growing interest in the LNG markets. ~The group is proud to add this significant contract to its global LNG portfolio and to reach a new important milestone in the excellent relationship with RasGas, which already delivers LNG cargoes to the group under long-term contracts in both Rovigo and Zeebrugge terminals."
"At a time when Dunkerque LNG is due to receive its first commissioning cargo early July, this new contract demonstrates Dunkerque LNG's outstanding position in the North West European gas markets," he said.
