|
E.ON and RasGas sign medium-term flexible contract for the supply of LNG
Contract deepens
partnership with State of Qatar and develops E.ON’s presence in Middle
East ... and further diversifies E.ON’s gas supply portfolio
May 28, 2014 + + + E.ON and RasGas
Company Limited (RasGas) have signed a medium-term flexible contract, with
immediate effect, for the supply of liquefied natural gas (LNG) from Qatar
to the Isle of Grain in the United Kingdom. The three-year contract has
the potential to supply up to around two billion cubic meters over its
term.
Christopher Delbrück, CEO of E.ON Global Commodities SE,
said: “I’m delighted that we have been able to conclude this agreement
with RasGas, one of the world’s leading LNG players. The contract is a
significant step in the development of our global growth strategy and is
another big step in the development of our long-term partnership with the
State of Qatar. In a rapidly changing LNG marketplace, we are very pleased
to have been able to reach an agreement that supports the ambitions of
both our companies. Further, the deal enables us to take advantage of our
existing UK regas position.”
Hamad Rashid Al Mohannadi, CEO of
RasGas, said: “RasGas has four long-term LNG contracts in Europe, and the
UK is a very important market to the State of Qatar. As a global energy
supplier, RasGas remains focused on executing its short and long-term
sales commitments in a safe and reliable manner. Over the past 20 years,
we have demonstrated that our key strengths – reliability, deliverability
and flexibility – are what set us apart, making RasGas extremely
competitive on the global stage.”
E.ON regards Qatar as a priority
country in the expansion of the company's LNG business model, including
short and long-term supply agreements. Qatar possesses the world's
third-largest gas reserves and has, by developing an impressive
infrastructure for exporting LNG, established itself as leader on the
global LNG market. In 2009, E.ON opened an office in Doha, Qatar, in
addition to its Middle East office in Dubai, United Arab Emirates.
RasGas exports to countries across Asia, Europe and the Americas with a
total LNG production capacity of approximately 37 million tons per annum.
With a diverse mix of modern, long-term chartered vessels, from
conventional through to Q-Max, RasGas has earned a global reputation for
safety, reliability and deliverability.
E.ON Global Commodities is
the energy trading business of E.ON, one of the world’s largest
investor-owned power and gas companies. As the commercial hub for E.ON to
the international wholesale markets, it sources, stores, transports,
markets and trades energy commodities on a global scale. The company also
owns and operates a pipeline infrastructure business, which supports gas
supply and trading activities, and an unbundled gas storage business.
This press release may contain forward-looking statements based on
current assumptions and forecasts made by E.ON Group management and other
information currently available to E.ON. Various known and unknown risks,
uncertainties and other factors could lead to material differences between
the actual future results, financial situation, development or performance
of the company and the estimates given here. E.ON SE does not intend, and
does not assume any liability whatsoever, to update these forward-looking
statements or to conform them to future events or developments.
Source: E.ON -
www.eon.com
|
Worldwide more than
90,000 paid subscriptions
 Worldwide
more than 48,000 subscriptions -
100% one-year direct request
qualification
'What's New' in Upstream, Midstream and
Downstream Products & Services. Circulation 37,000
PennWell
Petroleum Group:
Oil & Gas Journal
Oil & Gas Journal Russia
OGJ_eNewsletter
OGJ-Website-Statistics
Oil, Gas & Petrochem Equipment
Offshore Magazine
Offshore
Russia
Offshore eNewsletter
Offshore
Website Statistics
Oil & Gas Financial Journal
+ + +
For more information, media
kits or
sample copies please contact
Andreas
Sicking
+49 (0)2903-338570
wilhelms@pennwell.com
www.sicking.de
|
