QatarEnergy enters long-term LNG supply agreement

QatarEnergy said that it has entered an agreement with Guangdong Energy Group Natural Gas Co (GEG) for the supply of one million tons per annum of LNG to China over a 10 year period starting 2024.

The transaction will take place through QatarEnergy LNG producing affiliate, Ras Laffan Liquefied Natural Gas Company Limited.

“We are pleased to enter into this long-term supply agreement with Guangdong Energy Group and look forward to establishing a successful and mutually rewarding relationship. This agreement further demonstrates our commitment to continue to be a trusted and reliable energy partner for the People’s Republic of China," said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy in a statement.

The company said that the deliveries of LNG under the SPA will utilise Qatar’s fleet of conventional, Q-Flex and Q-Max LNG vessels, allowing GEG to receive LNG primarily at the Dapeng and Zhuhai LNG Receiving Terminals.