RasGas signs LNG supply deal with E.ON

E.ON and RasGas Company Limited (RasGas) have signed a three-year contract for the supply of LNG from Qatar to the Isle of Grain in the UK. The agreement could see RasGas supply up to two billion m³ to British shores.

Christopher Delbrück of E.ON Global Commodities said: "The contract is a significant step in the development of our global growth strategy and is another big step in the development of our long-term partnership with the State of Qatar. In a rapidly changing LNG marketplace, we are very pleased to have been able to reach an agreement that supports the ambitions of both our companies. Further, the deal enables us to take advantage of our existing UK regas position."

European commitment

Hamad Rashid Al Mohannadi, CEO of RasGas, said: "RasGas has four long-term LNG contracts in Europe, and the UK is a very important market to the State of Qatar. As a global energy supplier, RasGas remains focused on executing its short and long-term sales commitments in a safe and reliable manner. Over the past 20 years, we have demonstrated that our key strengths – reliability, deliverability and flexibility – are what set us apart, making RasGas extremely competitive on the global stage."

Development

E.ON sees Qatar, the world’s leading supplier of LNG and home to the world’s third largest gas reserves, as a crucial player in the growth of its LNG business model, including short and long-term supply agreements.

Adapted from press release by Ted Monroe

Read the article online at: https://www.lngindustry.com/lng-shipping/28052014/eon_signs_three_year_lng_supply_contract_with_rasgas/