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Qatar’s Qatargas and Turkey’s Petroleum Pipeline Corporation company BOTAŞ have signed a medium-term sales and purchase agreement, Qatargas announced this week.

Qatargas said it would deliver 1.5 million tonnes of LNG per annum for three years to Turkey under the terms of the agreement.

“This deal reflects the deep confidence of our customers around the world in our capabilities as a reliable supplier of LNG to satisfy their requirements,” Saad Sherida al-Kaabi, president and CEO of Qatar Petroleum highlighted.

Khalid Bin Khalifa Al-Thani, CEO of Qatargas also said that Qatargas was “delighted to announce this multi-year deal with BOTAŞ – a valued customer with deep expertise in the LNG industry. Our relationship with BOTAŞ has evolved from supplying spot cargoes to the current medium-term deal and we look forward to providing BOTAŞ with reliable, clean energy for many years to come.”

The LNG will be delivered onboard Q-Flex vessels to either the Egegaz LNG terminal, the Marmara LNG terminal, or to the Etki LNG terminal in Turkey.

Qatargas has pioneered the development of two new classes of Liquefied Natural Gas (LNG) tankers. Referred to as Q-Flex and Q-Max, the ships were designed by a team of engineers who have made a quantum leap in the capacities of LNG carriers. Each ship has a cargo capacity of between 210,000 and 266,000 cubic metres and are 80% larger than the Q-Fleet ships.

Turkey’s total LNG consumption is 55 billion cubic meters, of which most is imported from Qatar with imports also from Algeria and Nigeria.

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September 21, 2017

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