Qatargas delivered the first cargo of liquefied natural gas (LNG) to China National Oil Corporation’s (CNOOC) Zhejiang LNG Terminal. The cargo delivered by Qatargas’ Q-Max LNG vessel ZARGA will be used to commission the newly constructed LNG terminal.
The arrival also marks the first Q-Max LNG Vessel, the largest class of LNG carriers in the world, to one of CNOOC’s terminals in China.
Khalid Bin Khalifa Al-Thani, Qatargas Chief Executive Officer said: “This is an important milestone for Qatargas. We are very pleased LNG from Qatar continues to contribute towards meeting the growing demand for energy in the People’s Republic of China. This achievement highlights Qatargas’ capability to supply LNG to customers around the globe safely and reliably. This delivery will further strengthen the relationship between both companies over the long-term.”
Qatargas and CNOOC have an existing Sales and Purchase Agreement signed in 2008 for the supply of a total of 2 million tonnes per annum (MTA) of LNG. The first delivery of LNG from Qatar to China with CNOOC was made in October 2009.
Qatargas is the world’s largest LNG producing company with a production capacity of 42 MTA. The State of Qatar, as the world’s leading LNG producer, anticipates that the People’s Republic of China will become one of the world’s largest gas markets.