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RWE receives delivery of first LNG from Qatargas

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LNG Industry,

Reuters are reporting that German company RWE has announced that it has received its first cargo of LNG from Qatargas. The delivery is part of a seven and a half year deal signed in 2016.

The 95 000 t shipment was made on the Q-Flex LNG tanker Al Karaana and delivered to the GATE terminal in Rotterdam.

Financial details were not disclosed and the gap between the arrival of the cargo and publication of the news was as a result of RWE's internal procedures.

LNG traders watch arrivals to gauge supply flows in a market full of new origins entering export markets, while utility analysts track the global sourcing strategy of the utility group's central trading floor, RWE Supply & Trading (RWEST).

Under the contract signed last July, Qatargas will deliver up to 1.1 million tpy of LNG to RWEST, which has a long-term contract to use GATE. 

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