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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Earlier:

QATAR:			BANGLADESH:
September, 22, 08:35:00 QATAR - TURKEY LNG Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years English			April, 21, 20:30:00 BANGLADESH'S LNG TERMINAL State-owned Petrobangla has inked final deals with Summit LNG Terminal Co., a subsidiary of the Summit Group, to development Bangladesh's second floating LNG terminal. English
July, 5, 12:15:00 QATAR SHOW STRENGTH Qatar mounted what appeared to be a show of strength on Tuesday, when the state-owned Qatar Petroleum announced plans to raise liquefied natural gas capacity by 30 percent. Its immediate effect will be to worsen a glut on the LNG market where Australia, the United States and Russia vie. English
June, 26, 23:30:00 QATAR - EXXON COOPERATION Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on Monday cut ties with Qatar, accusing the country of supporting extremism. Qatar denies the allegations. English
June, 24, 09:45:00 RUSSIA - QATAR COMPETITION Qatar and Russia have long been rivals in global gas markets. Qatar's supplies came under the spotlight in the past month after Saudi Arabia cut economic and diplomatic ties, in a move ratcheting up a wider violent and diplomatic conflict in the Middle East. English
June, 7, 18:00:00 QATAR WILLING TO SPEAK "We are willing to sit and talk," Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani told CNN late on Tuesday. He said his country was "protecting the world from potential terrorists". English
May, 31, 17:35:00 QATAR - JAPAN LNG TALKS Qatar faces rising competition from a tide of new LNG from sources including Australia, which is expected to surpass it as the world's top exporter by 2019. English
April, 12, 18:40:00 QATAR'S GDP UP TO 2.7% Lower hydrocarbon prices have adversely impacted macroeconomic performance. Growth has slowed despite still resilient non-hydrocarbon activity. Real GDP growth of 2.7 percent is estimated for 2016. Inflation remained low despite subsidy cuts, averaging about 2.7 percent in 2016. English