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RasGas delivers first cargo to Petronet under the new SPA

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RasGas Company Ltd has delivered the inaugural LNG cargo to Petronet LNG Ltd under the new Sales and Purchase Agreement (SPA). The agreeemt was signed on 31 December 2015 between Petronet and Ras Laffan Liquefied Natural Gas Company Ltd. The LNG cargo was delivered to Dahej LNG Terminal in India on January 13, 2016 marking the commencement of the new 1 million tpy SPA.

The new SPA together with the long-term SPA between Petronet and RasGas signed in 1999 for 7.5 million tpy raises the total annual long-term commitment between the two companies to 8.5 million tpy. RasGas has been supplying LNG reliably to India and Petronet, a key long-term partner and customer of RasGas, since 2004.

The LNG cargo, which was loaded aboard the Al Thumama (Q-Flex) vessel at Ras Laffan on 8 January 2016, was discharged safely and successfully at Dahej LNG Terminal on 13 January 2016. RasGas has delivered, to this date, nearly 81 million tpy of LNG to India, to meet the country’s growing demand for cleaner fuel and energy.

RasGas has a LNG shipping fleet comprising 27 long-term chartered vessels, comprising 14 conventional, 12 Q-Flex and one Q-Max vessels.

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