(EnergyAsia, December 8 2011, Thursday) — Qatar’s RasGas Company Limited said its subsidiary has agreed to supply liquefied natural gas (LNG) to Taiwan’s state-owned CPC Corp (CPC) 1.5 million tonnes of LNG a year for 20 years from 2013.
Ras Laffan Liquefied Natural Gas Company Limited 3, or RL 3, has also agreed to supply incremental volumes from 2012 to 2016.
The agreement was signed in Qatar this week by Mohammed Bin Saleh Al Sada, chairman of RasGas and RL 3, who is also Qatar’s Minister of Energy and Industry, and Shao-Hua Chu, CPC’s chairman. In 2008, RasGas and CPC signed their first agreement for the supply of three million tonnes of LNG for 25 years.
Dr Al Sada said: “This latest agreement with our long-time partner, CPC, is a perfect example of how Qatari LNG producing ventures continue to respond to our customer needs. Natural gas is and will continue to be the fuel of choice to meet rapidly expanding and long-term energy requirements in Asia and world-wide due to its environmental benefits, safety and reliability.”
Mr Chu said: “The (Taiwanese) government has announced a new energy policy which clearly states plans and guidelines to build a green energy and low carbon environment, and to encourage the consumption of natural gas in Taiwan.
“Qatar and Taiwan have long enjoyed a good relationship and this agreement is further evidence of these strong ties and another milestone for long-term security of LNG supply to Taiwan.”
Hamad Rashid Al Mohannadi, RasGas managing director, said:
“RasGas looks forward to continuing our strong and long-term relationship with CPC. This agreement demonstrates our determination to ensure Qatari LNG reliably meets global energy demands and provides security of supply.”