Qatargas and BOTAŞ (Turkey) sign new LNG agreement
Qatargas, the World’s Premier Liquefied Natural Gas Company, today announced the signing of a medium term sales and purchase agreement with BOTAŞ Petroleum Pipeline Corporation (BOTAŞ). Under the terms of the agreement, Qatargas will deliver 1.5 million tonnes of Liquefied Natural Gas (LNG) per annum for three years, the company said in its press release.
Mr. Saad Sherida Al-Kaabi, President and Chief Executive Officer of Qatar Petroleum, and Chairman of the Qatargas Board of Directors, said: “We are very pleased to announce this new agreement with BOTAŞ which will further strengthen our relationship with our friends in Turkey.”
Mr. Al-Kaabi added: “As the LNG market continues to evolve, Qatar’s ability to capture new opportunities is once again evident in this latest deal. This deal reflects the deep confidence of our customers around the world in our capabilities as a reliable supplier of LNG to satisfy their requirements.”
Commenting on the new agreement, Khalid Bin Khalifa Al-Thani, Chief Executive Officer, Qatargas, said: “Qatargas is delighted to announce this multi-year deal with BOTAŞ – a valued customer with deep expertise in the LNG industry. Our relationship with BOTAŞ has evolved from supplying spot cargoes to the current medium term deal, and we look forward to providing BOTAŞ with reliable, clean energy for many years to come.”
Commencing on 1 October 2017, this agreement provides for the supply of LNG from Qatar Liquefied Gas Company Limited (2) (“Qatargas 2”), the world’s first fully integrated value chain LNG venture. The LNG will be delivered onboard Q-Flex vessels to either the Egegaz LNG Terminal, the Marmara LNG Terminal, or to the Etki LNG terminal in the Republic of Turkey.