Qatar’s state-owned petroleum company Qatar Petroleum – which operates all oil and gas activities, including exploration, production, refining, transport, and storage in the country – has entered into a 15-year LNG Sale and Purchase Agreement (SPA) with Taiwan’s CPC Corporation (CPC) for the supply of 1.25 million tonnes per annum (MTPA) of LNG.
The SPA was signed by the Minister of State for Energy Affairs, who is also the President and CEO of Qatar Petroleum, HE Mr Saad Sherida Al-Kaabi, as well as the President and Acting Chairman of CPC, Shun-Chin Lee, during a virtual ceremony attended by the CEO of Qatargas, Sheikh Khalid bin Khalifa Al Thani, and other senior officials from both sides.
Pursuant to the agreement, LNG deliveries will commence in January 2022, and will be delivered to CPC’s receiving LNG terminals.
The SPA further demonstrates the State of Qatar’s continued commitment to meeting the growing energy requirements of its customers around the world in the form of reliable long-term LNG supplies.
Commenting on this agreement, the Minister of State for Energy Affairs, and the President and CEO of Qatar Petroleum, HE Saad Sherida Al-Kaabi, said: “We are pleased to enter into this long term LNG SPA, which is another milestone in our relationship with CPC, which dates back to almost three decades. We look forward to commencing deliveries under this SPA and to continuing our supplies as a trusted and reliable global LNG provider.”
HE Al-Kaabi added: “We are grateful to CPC and all our customers around the world for selecting us as their trusted LNG supplier of choice. I would like to take this opportunity to thank the management of CPC and the negotiating teams from both sides for their efforts in concluding this SPA. I also would like to offer my thanks and gratitude to Sheikh Khalid bin Khalifa Al Thani, CEO of Qatargas, for his valuable contribution, to achieve this important milestone.”
Since the first LNG delivery in March 2006 to date, CPC has received more than 63 million tonnes of LNG from Qatar.
