QATAR - BANGLADESH LNG
GAS PROCESSING - RasGas Company Limited sealed a landmark 15-yr LNG Sales and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla). The agreement was signed in Doha by Mr. Hamad Mubarak Al-Muhannadi, CEO of RasGas, and Mr. Abdul Mansur Md Faizullah, Petrobangla Chairman.
The event was attended by H.E. Dr. Mohammed bin Saleh Al Sada, Qatar's Minister of Energy and Industry, the honorable Bangladesh State Minister Nasrul Hamid, H.E. Mr. Saad Sherida Al Kaabi, the President and CEO of Qatar Petroleum, and Mr. Syed Ashfaquzzaman, Secretary of Petrobangla.
During the event, Mr. Al Muhannadi, outlined the size and duration of the agreement, which will see the Qatari energy giant supplying 2.5 MMtpy of LNG to Petrobangla for 15 yr.
Deliveries will be to Petrobangla's floating storage and regasification unit (FSRU) near Moheshkhali Island in Bangladesh, marking RasGas' first long-term contract delivered to a FSRU.
The agreement with Petrobangla asserts RasGas' continued commitment to ensuring energy security to its customers in Asia, as well as its position as a reliable supplier of LNG, a cleaner, more efficient source of energy.
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