Qatargas and Repsol Energy Canada Ltd. have combined forces by signing a new sales and purchase agreement. Under the new contract, Qatargas will supply liquefied natural gas (LNG) to its new partner.
The proposed annual LNG sale to Canada will involve Q-Max deliveries from the Qatargas 3 Company. Supplies will arrive at the Canaport™ LNG facility in Saint John, New Brunswick (Canaport LNG) and have provisionally been secured for three years commencing with the first LNG delivery from Qatargas 3 project, Train 6.
Sheikh Khalid bin Khalifa Al-Thani, CEO of Qatargas, commented “This agreement comes at a significant time for Qatargas as we prepare for the grand celebration of the state of Qatar’s 77 mtpa of LNG production capacity… The deal further adds value as it will allow us to have access to the premium North East US market and Canada for the first time.”
Benjamin Palomo, Executive Director of LNG for Repsol, responded, “The new LNG supply from Qatar strengthens Repsol’s position in the Canadian and Northeast US markets as a reliable, diversified, flexible supplier of natural gas.”