QP signs 15-year LNG sale and SPA with CPC to supply MTPA LNG

  • 7 months   ago

Qatar Petroleum today entered into a 15-year LNG Sale and Purchase Agreement (SPA) with CPC Corporation, Taiwan (CPC) for the supply of 1.25 million tons per annum (MTPA) of LNG.

The SPA was signed by H E Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Shun-Chin Lee, the President and Acting Chairman of CPC, during a virtual ceremony attended by Sheikh Khalid bin Khalifa Al Thani, CEO of Qatargas and senior officials from both sides.

Pursuant to the agreement, LNG deliveries will commence in January 2022, and will be delivered to CPC’s receiving LNG terminals. 

 

Commenting on this occasion, Minister Al-Kaabi said, “We are pleased to enter into this long term LNG SPA, which is another milestone in our relationship with CPC, which dates back to almost three decades. We look forward to commencing deliveries under this SPA and to continuing our supplies as a trusted and reliable global LNG provider.”

Since the first LNG delivery in March 2006 to date, CPC has received more than 63 million tons of LNG from Qatar.

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