Vol. XL

No. 2



Qatargas Agrees Three-Month Interim Price WithJapanese LNG Buyers

MEES understands that the Qatargasliquefied natural gas venture has agreed to an interim delivered price offer of $4.10/mnBTU extended by a group of Japanese purchasers led by Chubu Electric Power Company.Agreement on the interim price comes after the two sides failed to reach an accommodationon a market price for LNG supplies from the project last month (MEES, 16 December1996). The interim price,...