VOL. XL

No. 12

24-March-1997

QATAR

Interim Price For Qatar LNG Extended For Further Three Months

MEES understands that Qatargas and its customers for supplies ofliquefied natural gas (LNG) - a group of Japanese buyers led by Chubu Electric PowerCompany - have agreed to extend their interim LNG pricing arrangement for a further threemonths, following continued failure to reach a definitive agreement on a mechanism forarriving at a market price. The original arrangement on an interim price of...