Qatar Petroleum affiliate signs LNG deal with Brazil-based CELSE

November 13, 2016 9:40 am

Qatar Petroleum said its affiliate signed a deal to provide LNG to CELSE from 2020. (Image: Alamy)

* Qatar Petroleum’s affiliate, Ocean LNG, signed deal to provide LNG to CELSE from 2020

Shipments will be used at Porto de Sergipe power project near Aracaju, Brazil

Deal underscores Qatar’s position as a global leader in LNG exports

Qatar Petroleum said on Saturday its affiliate Ocean LNG has signed a long-term deal to provide Brazil-based CELSE-Centrais Elétricas de Sergipe with liquefied natural gas (LNG) from 2020.

Under the deal, Qatar will ship 1.3 million tonnes of LNG per year on an Ex-Ship basis, it said in a statement.

(Read about Qatar Petroleum’s acquisition here)

“The shipments, which will begin in 2020, will be for use at CELSE’s Porto de Sergipe power project near Aracaju, in the Brazilian state of Sergipe,” it said.

It gave no time frame for the duration of the deal.

Leading in LNG

Qatar Petroleum President and CEO Saad Sherida Al-Kaabi said the deal underscores Qatar’s position as a global leader in LNG exports.

“Brazil is an important LNG market and we are proud to contribute to meeting Brazil’s gas demand,” he said, according to the statement.

Qatar is a major LNG supplier to European and Asian markets.

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Reuters
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