Qatargas signs long-term LNG supply deal with Japan's Tepco

June 11, 2012

Qatar Liquefied Gas Co. Ltd. (Qatargas 1) has signed a long-term LNG sales and purchase agreement with Tokyo Electric Power Co. Inc. (Tepco), Japan’s largest LNG buyer. The SPA was signed June 11 in Doha.

Steven Poruban

The deal marks the first long-term bilateral agreement between Tepco and Qatargas, the companies said. Under the terms of the agreement, Qatargas 1 will deliver 1 million tonnes/year of LNG on a long-term basis starting from 2012.

Tepco is one of the original eight Japanese buyers who signed a multiparty contract with the Qatargas 1 venture in 1994. Qatargas first began delivering LNG to Japan and Tepco in 1997, with the start-up of the Qatargas 1 project.

Qatargas 1 consists of three onshore LNG trains with a total combined capacity of 10 million tpy. Qatargas 1 joint venture partners are Qatar Petroleum, ExxonMobil Corp., Total SA, Mitsui, and Marubeni.

About the Author

Steven Poruban | Managing Editor-News

Steven Poruban was hired as staff writer for Oil & Gas Journal in October 1998. Two years later, he was promoted to senior staff writer. In October 2004, he was then promoted to senior editor. He now serves as managing editor-news.

Before working for OGJ, Steven was a reporter for Gas Daily and editor of Gas Transportation Report. He attended Boston University then transferred to and graduated from Ursinus College in Collegeville, Pa., with a BA in English in 1993.