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Qatargas to supply LNG to Argentina

Oilfield Technology,

Qatargas has signed a Heads of Agreement (HOA) for the long term supply of LNG to Energia Argentina Sociedad Anonima (ENARSA).

Under the terms of the HOA, Qatargas will deliver five million tpa of LNG to ENARSA at the Southern Cone LNG Hub in Argentina for twenty years beginning in 2014. This LNG supply is expected to meet nearly 16 % of Argentina’s total annual natural gas consumption.

Khalid Bin Khalifa Al Thani, Qatargas’ Chief Executive Officer, Qatargas, said, “This is Qatargas’ first long-term LNG agreement into the South American market. Of course I am very pleased with the achievement that has been made and we look forward to a strong and long term relationship with ENARSA. This milestone further demonstrates Qatargas’ commitment as a reliable LNG supplier to the world.”

Qatargas will deliver the agreed LNG volumes to ENARSA’s planned Southern Cone LNG Hub onboard its fleet of Q-vessels to ensure the most economical transportation cost. The Southern Cone LNG Hub is an offshore LNG Floating, Storage and Regasification Unit (FSRU) project which is being promoted by ENARSA for completion in 2014.

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