RasGas and EDF ink LNG SPA
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
RasGas Company Ltd has announced that Ras Laffan Liquefied Natural Gas Company Ltd (3) (RL 3) has entered into a new LNG Sales and Purchase Agreement (SPA) with EDF SA.
Under the terms of the SPA, RL 3 will deliver up to 2 million tpy of Qatari LNG into EDF’s new terminal in Dunkerque, France, starting in 2017 and over the medium-term.
This deal is in addition to three existing long-term SPAs between RasGas ventures and EDF Group subsidiaries, for delivery of up to 4.6 million tpy to Edison in Italy and up to ~3.5 million tpy to EDF Trading in Belgium.
Commenting on the occasion, Hamad Mubarak Al Muhannadi, RasGas CEO, 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.”
Marc Benayoun, EDF Group Senior Executive, Vice President Gas & Italy and CEO of Edison, added: “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, who 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.”
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/29062016/rasgas-and-edf-ink-lng-spa-2675/
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