The signing of the agreement. (Image source: QatarEnergy)
QatarEnergy has signed an LNG supply agreement with CPC Corporation, Taiwan (CPC) for the delivery of four million tons per annum (MPA) of LNG from the North Field East (NFE) project for 27 years
QatarEnergy will also transfer to CPC a 5% share in the equivalent of one NFE train with a capacity of eight MTPA, making CPC a partner in the NFE project.
His Excellency Minister Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, president and CEO of QatarEnergy, said, “We look forward to further enhancing our relationship with CPC, which extends for over three decades, and to further demonstrate our unwavering commitment to our customers and partners around the world.”
Shun-Chin Lee, chairman of CPC Corporation, Taiwan, said, “QatarEnergy, the world’s leading LNG player, has been playing an important role in ensuring Taiwan’s domestic gas market over the past decades. CPC’s acquired equity in the NFE project and this new LNG SPA will further strengthen the cooperative relationship between our two companies.”
The NFE project is part of the North Field LNG expansion programme which will raise Qatar’s LNG production capacity from the current 77 MTPA to 142 MTPA in 2030.
See also https://oilreviewmiddleeast.com/exploration-production/qatarenergy-announces-new-lng-expansion-project
