Qatargas 3 has entered into a 15-year LNG sale and purchase agreement (SPA) with Tohoku Electric, under which the Qatari company will supply LNG to the Japanese firm
Under the two-phase contract, Tohoku Electric will buy 60,000-90,000 metric tonnes per year over 2016-18 and 180,000 metric tonnes over 2019-30, according to Gulf News.
The LNG will be supplied from Qatargas 3 (Train 6), a joint venture between Qatar Petroleum, ConocoPhillips and Mitsui & Company, which had started production in January 2010.
The LNG will be delivered on board Q-Flex LNG vessels, Qatargas 3 said.
Mohamed bin Saleh al-Sada, chairman of Qatargas 3, said, “This agreement reinforces our strong relationship with one of Qatargas’ foundation customers and demonstrates our continued commitment to long-term LNG supplies to Japan. As the largest LNG producing company in the world, Qatargas is committed to providing reliable energy supplies to all four corners of the world.”
Sheikh Khalid bin Khalifa al-Thani, CEO of Qatargas, added that the company has achieved a significant milestone in their partnership with Tohoku Electric, which started in 1994.
Tohoku Electric is reportedly one of the original eight Japanese buyers, which signed contracts with the Qatargas 1 joint venture in 1994. In December 2007, Tohoku Electric became the first Japanese utility company to receive a cargo of LNG on-board a Q-Flex vessel.
