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RasGas delivers first LNG cargo to Taiwan

Gas

Ras Laffan Liquefied Natural Gas Company delivered its first LNG cargo to Taiwans state-owned CPC Corp under a new long-term sale and purchase agreement.

The LNG vessel, Fuwairit, delivered the cargo to the 7.44mn mt/year Yung An LNG terminal located at Kaohsiung, in southern Taiwan. The 138,000 cu/m Fuwairit was on a long-term charter to RasGas.

Long-term commitment

CPC has an existing 25-year contract with RasGas to supply 3mn mt/year of the supercooled-gas to the Taichung terminal.

"Our new long-term LNG SPA with CPC exhibits our commitment to the LNG industry and our long-term LNG customers in meeting their growing LNG and energy demand, and this delivery of our first cargo promptly following the execution of this new long-term agreement with CPC is a further testimony of Qatar and RasGas as being a safe and a reliable global LNG supplier," Khalid Sultan Al-Kuwari, Marketing and Shipping Executive at RasGas, said.

At WPC on December 6, RasGas 3 and CPC signed a 20-year agreement to supply the latter with 1.5 million mt/year of LNG, starting in 2013. This agreement is the second long-term gas supply deal signed between RasGas and CPC.

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