RasGas makes milestone 500th LNG cargo delivery to Edison at the Adriatic LNG Terminal
RasGas Company Limited (RasGas) celebrated the 500th liquefied natural gas (LNG) cargo delivery to its long term customer, Edison, under the Long Term Sales and Purchase Agreement (SPA) signed between Ras Laffan Liquefied Natural Gas Company (II) and Edison in November 2003, for deliveries of 4.6 million tonnes (or 6.4 billion standard cubic metres) of LNG per year.
Edison says RasGas’ LNG tanker, Al Areesh, delivered the cargo on July 1st, 2017 at the Adriatic LNG Terminal located in the northern Adriatic Sea, about 15 kilometres off the Veneto coastline in Italy.
Commenting on this significant milestone, RasGas’ Chief Executive Officer, Hamad Mubarak Al Muhannadi, said: “We are very proud to have delivered the 500th LNG SPA cargo to our long-term partner and customer, Edison. This is a milestone delivery that underlines RasGas’ continued commitment to the safe and reliable supply of LNG to all of its customers worldwide.”
“The 500th LNG SPA cargo is further evidence of the excellent relationship and long term partnership between RasGas and Edison, which started more than fourteen years ago with the signing of the Long Term LNG Sales and Purchase Agreement and the construction of the offshore LNG receiving terminal,” said Marc Benayoun, Edison’s Chief Executive Officer.
RasGas Company Limited (RasGas) is a Qatari joint stock company established in 2001 by Qatar Petroleum and ExxonMobil RasGas Inc. RasGas acts as the operating company for and on behalf of the owners of the liquefied natural gas (LNG) projects RL, RL (II) and RL3 (Project Owners). With operations facilities based in Ras Laffan Industrial City, Qatar, RasGas’ principal activities are to extract, process, liquefy, store and export LNG and its derivatives from Qatar’s North Field. RasGas, on behalf of the Project Owners, exports to countries across Asia, Europe and the Americas. It has a total LNG production capacity of approximately 37 million tonnes per annum.
For pipeline sales gas to the domestic market, RasGas also operates the Al Khaleej Gas Projects, AKG-1 and AKG-2 supplying approximately 2.0 billion standard cubic feet (Bscf) per day.
RasGas currently operates the Ras Laffan Helium Plant which was established in 2003 and came on stream in 2005. The plant extracts, purifies and liquefies helium from the North Field. The second helium plant entered production in June 2013 bringing the total liquid Helium production capacity up to 2.2 Bscf per year.
Edison is a leading player in Italy and Europe in the procurement, production and sale of electricity, in the provision of energy and environmental services thanks also to its subsidiary Fenice and in the E&P sector. Founded over 130 years ago, Edison has contributed to the electrification and development of Italy. It now operates in Italy, Europe and in the Mediterranean Basin, employing 5,000 people. In the power generation sector, Edison has plants with total capacity of 6.5 GW.
Operating since autumn 2009, the Adriatic LNG regasification terminal assures to Italy more than 10% of national gas consumptions. A strategic infrastructure for the Country for its contribution to the diversification of energy supply, Adriatic LNG at present has contributed to satisfy national natural gas consumptions by delivering to the national pipeline network more than 44 billion of cubic meters of gas (corresponding to more than half of domestic consumption in 2016) coming by ship from 6 Countries (Qatar, Egypt, Trinidad and Tobago, Equatorial Guinea, Norway and Nigeria).
