Qatar, China boost trade ties by LNG gas exports

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A Qatargas tanker delivering its first Q-flex LNG cargo to the China's National Offshore Oil Corporation (CNOOC). Photo - Qatar Gas

Qatargas delivered its first batch of Q-Max Liquefied Natural Gas (LNG) to China on 20 November 2011, onboard Q-Max vessel. PetroChina?s newly-commissioned LNG terminal at Rudong, Jiangsu province, is the first destination of the Qatari liquefied natural gas Q ? Max cargo.

In April 2008, Qatar Liquefied Gas Company 4 and Shell Western LNG BV forged a long term contract to supply LNG from Qatar to China. The cargo delivered on Sunday was executed under the same deal. The agreement entitles PetroChina to 3 million tons of LNG per year and deliveries are expected to continue for up to 25 years.

Professing honor, Qatargas chief executive officer Khalid bin Khalifa al-Thani said: ?The first Q-Max LNG cargo delivered to PetroChina?s LNG terminal is a significant milestone meeting the growing demand for energy in 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 China?. He further added that Republic of China is a very valuable trade partner for the state of Qatar.

Andy Brown, Shell?s executive vice president and Qatargas 4 director, said ?Shell 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 as compared to conventional carriers with capacity of 135,000-177,000 cubic metres. These are the largest LNG carriers in the world. Qatargas currently charters 13 Q-Max vessels in its fleet.

Sources: International Business News and Qatargas

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