Qatargas, Gas Natural to negotiate 5 billion cu m of LNG

Qatargas will discuss supplying another 5 billion cu m of LNG to Spanish energy company Gas Natural, which builds upon an earlier sales agreement.

July 27, 2008

Uchenna Izundu
International Editor

LONDON, July 27 -- Qatargas will discuss supplying another 5 billion cu m of LNG to Spanish energy company Gas Natural, which builds upon an earlier sales agreement.

The parties have established the framework to begin negotiations for the LNG in the medium and long term. Gas Natural will use the LNG to meet the needs of its customers in various markets.

Gas Natural wants to have a portfolio of 35 billion cu m of gas by 2012 and it is looking for another 9 billion cu m of imports.

Qatargas is jointly owned by ExxonMobil Corp. and state-owned Qatar Petroleum.

Contact Uchenna Izundu at [email protected].