RasGas Company Limited (RasGas) has successfully delivered the first liquefied natural gas (LNG) cargo under its new long-term LNG Sale and Purchase Agreement (SPA) with CPC Corporation, Taiwan (CPC).
The agreement was recently signed and executed on the 6th of December 2011 in Qatar during the World Petroleum Congress.
The RasGas long-term chartered LNG carrier named ‘Fuwairit’ has delivered and completed the discharge of its LNG cargo successfully and safely ex-ship at CPC Corporation Taiwan Yung-An LNG receiving terminal in Taiwan on Thursday 5th January (2012).
Under the terms of this long-term SPA, Ras Laffan Liquefied Natural Gas Company Limited (3) will deliver 1.5 Mta of LNG for 20 years starting in 2013 – and in addition will deliver incremental volumes from 2012 to 2016.
Commenting on the occasion, Hamad Rashid Al-Mohannadi, RasGas Managing Director, said in a company press release, “The delivery of this first cargo under the recently executed long term LNG SPA with CPC Corporation - Taiwan marks a new milestone in our existing and strong relationship with them, one in which we see a great future ahead.”
LNG in focus
The LNG market, especially from a distributive perspective, offers increasing synergies and opportunities for the industrial gas and equipment community.
This synergy has been highlighted in recent weeks at both the gasworld Middle East Industrial Gas Conference 2011 and the 34th AIIGMA Seminar, both held in Dubai. In addition to the growing opportunities in LNG distribution, the small-scale LNG market presents a number of growth prospects for the gas and equipment community – and gasworld magazine’s May (2012) issue will be exploring this enterprising market.
If you’re interest is in LNG, or the related gas and equipment opportunities, get in touch and see how gasworld can maximise your presence in the upcoming May issue. Contact: firstname.lastname@example.org or email@example.com