Qatargas has signed a $7.1bn sales and purchasing agreement (SPA) with UK utility Centrica, to supply up 3mn tons/year of LNG to the Isle of Grain terminal in southeast England. The June 2014-December 2018 deal succeeds a prior 3-year agreement signed in 2011. The previous deal, worth less than half the latest, was for 2.4mn t/y.
Like several of Qatargas’ recent deals, the contract does not guarantee 3mn t/y of supply; rather, Qatargas is free to send volumes to other buyers. (CONTINUED - 282 WORDS)