Qatargas Delivers First Q-Max LNG Cargo to China

Source: 11/19/2011, Location: Middle East

Qatargas delivered its first Q-Max Liquefied Natural Gas (LNG) cargo to the People’s Republic of China. Delivered onboard the Q-Max vessel, Bu Samra, this is the first Qatari LNG Q-Max cargo delivered to PetroChina’s recently commissioned LNG receiving terminal at Rudong, Jiangsu Province, under the long-term contract to supply LNG from the State of Qatar to the People’s Republic of China which was executed on 10 April 2008 between Qatar Liquefied Gas Company (4) and Shell Western LNG B.V. The deliveries to PetroChina, under this agreement, will total 3 million tonnes per annum and are expected to continue for up to 25 years.

Commenting on this significant milestone, His Excellency Dr. Mohammed Bin Saleh Al Sada, Minister of Energy & Industry and Chairman of the Board of Directors at Qatargas, said: “Qatar considers the People’s Republic of China a very valuable trading partner. We consider this an important achievement for both the State of Qatar and the People’s Republic of China. I am proud that under the wise leadership of His Highness The Emir of the State of Qatar, Sheikh Hamad Bin Khalifa Al-Thani, Qatar will be able to cater for some of China’s energy needs. This achievement underpins Qatar’s long-standing capability to supply LNG to customers around the globe safely and reliably.”

Khalid Bin Khalifa Al Thani, Chief Executive Officer of Qatargas, noted “The first Q-Max LNG cargo delivered to PetroChina’s LNG terminal, is a significant milestone meeting the growing demand for energy in the People’s Republic of China and we at Qatargas are very proud to have played this contributing role. This delivery will further strengthen the relationship between Qatargas and PetroChina over the long-term. We remain long-term partners of the People’s Republic of China”

Andy Brown, Shell’s Executive Vice President and Director of Qatargas 4 said: "The delivery of the first cargo to PetroChina under this major long term supply arrangement is a momentous landmark for the project. Shell, the largest LNG player amongst the international oil and gas companies, is proud to have facilitated the supply of LNG between Qatar, as the largest LNG producer in the world and China with its large, burgeoning gas market. These agreements should be of tremendous benefit to both countries."

Qatargas’ Q-Max LNG carrier is a sea-going vessel capable of delivering up to 266,000 cubic metres of LNG onboard (compared to a conventional carriers with capacity of 135,000-177,000 cubic metres). These are the largest LNG carriers in the world. Qatargas charters 13 Q-Max vessels in its fleet.

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