RasGas Company Limited (RasGas) has completed the delivery of its first commercial liquefied natural gas (LNG) cargo to GATE (Gas Access Terminal Europe) in Rotterdam, The Netherlands.
This short-term sale marks the company’s latest expansion into North West Europe, giving RasGas’ a complete and comprehensive market penetration – according to a company statement.
RasGas established its presence in the European market in 2007. In addition to making regular deliveries to Zeebrugge in Belgium, RasGas has also made over 80 deliveries to the Isle of Grain and Dragon terminals in the United Kingdom (UK). In October of last year, the Company made its first delivery to South Hook terminal in the UK thereby accessing all three major LNG regasification terminals in the UK.
“As Europe continues to work towards meeting CO2 emission targets, we are seeing more interest in LNG as a cleaner fuel. RasGas’ expanding reach in the European market allows for even higher flexibility in delivering LNG to the region’s liquid trading points,” said Khalid Sultan R. Al-Kuwari, Chief Marketing and Shipping Officer at RasGas.
“This delivery to GATE marks RasGas’ ability to access all three of the North West Europe’s liquid trading points. Additionally, GATE’s capacity for carriers as large as the Q-Max boosts RasGas’ flexibility in meeting the demands of the European market,” he added.
RasGas’ integrated shipping fleet consists of 27 long-term chartered LNG vessels. The fleet’s variety of 14 conventional ships, 12 Q-Flex tankers and one Q-Max vessel enhances RasGas’ flexibility to meet global demand. The company’s first cargo to GATE arrived aboard Al Khuwair, a Q-flex ship carrying 3,200,000 MMBTU of LNG.