Middle East Economic Survey


No 18



Qatargas Signs 2Bn LNG Deal With UKs Centrica

Qatargas announced on 23 April that it had penned a 2bn ($3.3bn), three-year sales and purchasing agreement (SPA) with Centrica PLC the parent company of British Gas under which 2.4mn tons/year of LNG would be supplied to the UKs Isle of Grain Facility. This deal, Centrica said, is expected to secure a supply of LNG equivalent to approximately 10% of UK annual residential gas demand,...