Qatargas delivers its first LNG cargo to Bangladesh as part of agreement with Petrobangla
Qatargas Operating Company Limited (Qatargas) today delivered its first LNG cargo to Bangladesh as part of a long-term Sale and Purchase Agreement (SPA) with the Bangladesh Oil, Gas and Mineral Corporation (Petrobangla). Qatargas says the 138,000m3 commissioning cargo was loaded at Ras Laffan aboard the Excelerate Excellence before making the journey to its new home near Moheshkhali Island in Bangladesh.
The first commercial cargo will be delivered following the successful completion of commissioning and will mark the first long-term agreement to be delivered though ship-to-ship transfer in open water. Back in September 2017, Qatargas signed a landmark long-term SPA to supply up to 2.5 million tonnes of LNG per annum to Petrobangla for 15 years.
Mr. Saad Sherida Al-Kaabi, President & CEO of Qatar Petroleum, and Chairman of the Qatargas Board of Directors, said: “We are delighted to expand our Asian customer base with Bangladesh as our long-term customer. The successful delivery of our first LNG to Petrobangla highlights Qatar’s continued leadership in bringing clean and reliable LNG to new markets and new customers.”
The first LNG delivery to Petrobangla reinforces Qatargas’ continued commitment to ensuring energy security to its customers in Asia, as well as its position as a reliable supplier of LNG, a cleaner, more efficient source of energy.