22 December 2017, Doha – Qatargas has entered into a new sale and purchase agreement, SPA, with Austria’s OMV Gas Marketing and Trading to supply annually 1.1million tonnes of liquefied natural gas, LNG, for five years.
The SPA, under which supply will commence in January 2019, provides for the supply of LNG from Qatargas 4, a joint venture between Qatar Petroleum (70 percent) and Shell (30 percent).
According to the agreement, the gas would be delivered to the Gate LNG Terminal in the Netherlands onboard Qatargas’ chartered LNG vessels.
“We are pleased to announce this new deal with OMV an integrated oil and gas company operating from the heart of Europe.
“OMV provides major European customers and distributors with tailored natural gas solutions, and we look forward to supplying them with reliable Qatari LNG,” Qatargas chairman, Saad Sherida al Kaabi, said.