VOL. XLV

No 42

21-October-2002

QATAR

Qatargas/RasGas Sign New Mid-Term/Long-Term LNG Sales Agreements

Qatar Liquefied Gas Company (Qatargas) has signed an agreement to supply BP with 750,000 tons/year of LNG to be marketed in Spain for three years, beginning in 3Q 2003. The deal was announced by Qatars Oil Minister, 'Abd Allah al-'Attiyah, in Doha on 14 October. According to Qatargas Managing Director Faysal al-Suwaidi, BP will lift the gas on an FOB basis and dedicate one vessel for the deal,...