Under the terms of the agreement, QTL will subscribe to the equivalent of almost 3 million tpy of the terminal’s throughput capacity for a term up to 2035.
According to the statement, Montoir-de-Bretagne LNG will thereby become a new LNG import terminal position for Qatar Petroleum in Europe, facilitating the supply of Qatari and internationally sourced LNG to European customers. The agreement is a result of a formal ‘open subscription period’ process that was executed in 2H19 pursuant to the rules of the French Energy Regulatory Commission (CRE).
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, and the President and CEO of Qatar Petroleum, said: “By signing this agreement, we are providing France, and Europe as a whole, reliable energy supplies, as well as increased utilisation of gas as a cleaner and more environmentally friendly source of energy. We are also taking another step into the future by establishing a long-term partnership with Elengy well into the next decade. And, we look forward to further strengthen this relationship in the future.
“Qatar Petroleum has long invested in and anchored LNG receiving terminal capacity in Europe. We have also played a key role in supporting the development of vital energy network infrastructure in Europe. As the largest LNG producer, we are committed to supporting the advancement of EU energy policy and to strengthening the security, reliability and flexibility of gas supplies into Europe.”
Sandra Roche-Vu Quang, Elengy CEO, added: “Today is a key milestone for Elengy. As pioneers in the LNG industry, we are extremely proud of this agreement with our Qatari partners, a major step which hopefully will result in an even closer cooperation in the coming years. This contract secures long-term activity at the Montoir-de-Bretagne terminal. Our LNG hub for North West Europe offers customers optimum flexibility and an evolving range of services, from historical LNG regasification to small scale LNG, to meet the energy transition needs.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20022020/qatar-petroleum-books-capacity-at-montoir-de-bretagne-lng-terminal/