RasGas Company Limited (RasGas) has reaffirmed its reputation for operational reliability and efficiency in the evolving LNG market with its delivery of the 500th long-term LNG cargo to long-term customer CPC Corporation, Taiwan (CPC).
The 500th cargo was loaded aboard CPC’s Taitar (TaiwanQatar) No. 4 vessel at Ras Laffan port on 5th March 2016, under a long-term Sales and Purchase Agreement (SPA) between the two parties.
In 2011, Ras Laffan Liquefied Natural Gas Company Limited (3) and (CPC) signed a second long-term supply of LNG from RasGas which increased the annual long-term sales to over five million tons per year to CPC and Taiwan.
In addition, RasGas has delivered 72 cargoes – approximately 4.4 million tons of LNG – to CPC on a spot basis since 2007 to date.
Khalid Sultan R. Al Kuwari, Chief Marketing & Shipping Officer at RasGas, reflected, “As a long-term LNG supplier to CPC, RasGas is pleased to achieve this major milestone with our long-standing partners. We have come a long way since signing our first ever SPA with CPC in 2005.”
“Last year, we extended the partnership to joint corporate social responsibility (CSR) activities with CPC through the ‘Energising Education’ initiative. We look forward to continuing to grow our relationship with CPC and the people of Taiwan even further.”