RasGas, EDF sign LNG supply deal
Posted: 02 July 2007
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Leading European electricity producer EDF Group, through its subsidiary EDF Trading Ltd has secured a four-year LNG supply agreement with RasGas.
The deal has the flexibility for interruptible deliveries of up to 3.4 million tonnes of LNG per year, equivalent to about 4.5 billion cubic meters of natural gas per year. The LNG, which will be sourced from one of RasGas’s existing LNG production trains in Qatar , will be delivered at the Zeebrugge LNG terminal in Belgium .
Edison , which is 50 % controlled by EDF, has also signed an LNG supply contract with RasGas for future deliveries at the Rovigo offshore LNG terminal in Italy .
“We are delighted to add EDF Trading to our portfolio of LNG customers,” Dr Ibrahim B. Ibrahim, Economic Advisor to the Emir of Qatar and RasGas Vice-Chairman, said.
"The strategic location of the Zeebrugge LNG terminal, and the access it affords to the European gas market, makes this deal a true success for RasGas.”
Pierre Gadonneix, Chairman and CEO of EDF, added: “By this agreement the EDF Group becomes one of the main counterparties with RasGas in Europe .” |
