Doha, September 22 (QNA) – Qatargas delivered on Wednesday the first cargo of Liquefied Natural Gas (LNG) to China National Oil Corporation’s (CNOOC) Zhejiang LNG Terminal. Delivered by Qatargas’ Q-Max LNG vessel ZARGA, the cargo will be used to commission the newly constructed LNG terminal. The arrival also marks the first Q-Max LNG Vessel, the largest class of LNG carriers in the world, to one of CNOOC’s owned and operated terminals in China.
To mark the occasion, CNOOC Gas and Power Group with senior officials from Qatargas and Zhejiang LNG Terminal shareholders witnessed the arrival of the commissioning cargo at Ningbo, Zhejiang Province.
Qatargas CEO Khalid bin Khalifa Al Thani lauded the step as an important milestone for Qatargas. “We are very pleased LNG from Qatar continues to contribute towards meeting the growing demand for energy in the People s Republic of China. This achievement highlights Qatargas’ capability to supply LNG to customers around the globe safely and reliably. This delivery will further strengthen the relationship between both companies over the long-term.”
CEO Khalid bin Khalifa Al Thani added that under the guidance of HE Dr. Mohammed Saleh Al Sada, the Minister of Energy and Industry who is also Qatargas Chairman of the Board of Directors, Qatari LNG has taken up a key role to play in contributing to world countries in improving their diversity of energy supplies. “The commissioning of CNOOC’s Zhejiang LNG terminal will meet the growing demand for energy in China and we at Qatargas are very proud to have played a contributing role,” he said.
Qatargas and CNOOC have an existing Sales and Purchase Agreement signed in 2008 for the supply of a total of 2 million tons per annum (MTA) of LNG. The first delivery of LNG from Qatar to China with CNOOC was made in October 2009.
Qatargas is the world’s largest LNG producing company with a production capacity of 42 MTA. Qatar, as the world’s leading LNG producer, anticipates that China will become one of the world’s largest gas markets.
The Zhejiang LNG terminal, located in Ningbo in China’s Zhejiang province, will have a first phase receiving capacity of 3 MTA adding to CNOOC’s operating LNG terminals in Shanghai, Fujian and Guangdong provinces thus maintaining its position as China’s largest LNG importer. (QNA)