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RasGas signs new LNG sales and purchase deal with France’s EDF

Gas

Qatar’s RasGas has announced that Ras Laffan LNG Company Limited (3) (RL 3) has entered into a new LNG sales and purchase agreement (SPA) with French energy company EDF

Under the terms of the SPA, RL 3 will deliver, starting in 2017 and over the medium-term, up to two million tonnes per annum (mtpa) of Qatari LNG into EDF’s new terminal in Dunkerque, France.

According to RasGas, this new agreement complements three existing long-term SPAs between RasGas ventures and EDF Group subsidiaries, for delivery of up to 4.6 mtpa to Edison in Italy and up to 3.5 mtpa to EDF Trading in Belgium.

Al Muhannadi said, “This latest agreement is an excellent example of RasGas’ continued commitment to develop and execute opportunities that respond to our customer’s needs. We are proud that, together with EDF, we have played a significant role in continuing to provide a safe and reliable supply of energy to the homes, businesses and communities of Europe.”

Benayoun stated that the agreement with RasGas reflected EDF’s growing interest in the LNG markets. “The group is proud to add this significant contract to its global LNG portfolio and to reach a new important milestone in the excellent relationship with RasGas, who already delivers LNG cargoes under long term contracts in both Rovigo and Zeebrugge terminals.”

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