RASGAS SIGNS NEW DEAL WITH EDF

RASGAS SIGNS NEW DEAL WITH EDF

The Qatari joint stock company, Rasgas Company Limited, established in 2001 by Qatar Petroleum and ExxonMobil, announced on Wednesday June 29th that Ras Laffan Liquefied Natural Gas Company - 3 (RL 3) has entered into a new liquefied natural gas (LGN) sales and purchase agreement with French energy company, EDF, under which RasGas will deliver up to 2 million tons of LNG a year to EDF’s new terminal in Dunkerque, from 2017.

RasGas CEO Hamad Mubarak al-Muhannadi said, “We are proud that, together with EDF, we have played a significant role in continuing to provide a safe and reliable supply of energy to the homes, businesses and communities of Europe.”

This agreement complements three existing long term SPAs between RasGas ventures and EDF group subsidiaries for delivery of up to 4.6mn tons per year to Edison in Italy and up 3.5mn tons per year to EDF Trading in Belgium.

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