DOHA, Dec 7: Qatargas on Wednesday signed a deal to export an additional 200,000 tons per annum of liquefied natural gas (LNG) to Japan’s Chubu Electric Power Company and Shizuoka gas Company.
The six-year agreement signed on the sidelines of the World Petroleum Congress in Doha stipulates that Qatargas will start delivering the LNG in 2016 from the Qatargas 1 joint venture.
The deal “further nurtures our long-lasting relationship with Chubu Electric Power Company while it welcomes Shizuoka Gas Company as the first new long-term Japanese buyer of LNG,” said Qatargas CEO Khalid bin Khalifa al-Thani. Demand for gas has increased markedly in Japan, the world’s largest importer of LNG, since a massive tsunami in March placed the country’s nuclear energy supply under pressure. Qatargas has sold LNG in excess of a total of seven million tons annually to Japan. In the aftermath of tsunami, Qatargas increased its sales commitment to Japan to nine million tons.—AFP