Middle East Economic Survey


No 31



RasGas II Signs HOA For US LNG Supply Deal

RasGas II on 27 July signed a heads of agreement (HOA) with FPL Group Resources, a subsidiary of Florida Power & Light (FPL) Group for the supply of natural gas from Qatar to a proposed LNG terminal and regasification facility located at South Riding Point on Grand Bahama Island. Under the terms of the proposed deal, RasGas II would supply approximately 800mn cu ft/day (6mn tons/year) of...