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Qatar, Turkey Sign LNG Deal

Qatar, Turkey Sign LNG DealQatar, Turkey Sign LNG Deal

State-run Qatargas, the world’s largest producer of liquefied natural gas, said on Wednesday it had signed a medium-term sales and purchase agreement with Turkey’s Botas to deliver 1.5 million tons of LNG each year for three years.

Qatargas said it would supply LNG from Qatargas 2 to either the Egegaz LNG Terminal, the Marmara LNG Terminal or the Etki LNG Terminal in Turkey, Reuters reported.

 “We are very pleased to announce this new agreement with Botas, which will further strengthen our relationship with our friends in Turkey,” said Qatargas President and Chief Executive Officer Saad Sherida al-Kaabi.

Qatargas has previously supplied Turkish state pipeline operator Botas with spot cargoes.

The agreement comes as the worst rift in years among some of the most powerful states in the Arab world continues to simmer.

Qatargas has said its LNG supply to the world’s largest LNG importer Japan would not be affected by the economic, diplomatic and transport boycott. It has also since signed an agreement with Shell for the delivery of up to 1.1 million tons of LNG per year for five years.

 

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