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Qatar Petroleum signs LNG supply deal with Brazilian firm

Qatar Petroleum signs LNG supply deal with Brazilian firm

Nov 13, 2016
2 min read
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Qatar Petroleum has signed a long-term LNG sale and purchase agreement from its affiliate, Ocean LNG, with Brazil based CELSE-Centrais Elétricas de Sergipe to deliver LNG from 2020.

Under the terms of the agreement, Ocean LNG, which was established for the purpose of marketing QP’s future international LNG supply portfolio sourced outside of the State of Qatar, will supply 1.3 million tons per annum of LNG to CELSE, a joint venture between GG Power and Ebrasil. 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.

Al-Kaabi stated: “This is the first SPA to be entered into by Ocean LNG, making it the first supplier to deliver LNG to Brazil under a long-term contract. It represents another step towards enhancing our position as a global LNG leader and extending our reach to all markets”.

 “Brazil is an important LNG market and we are proud to contribute to meeting Brazil’s gas demand. We look forward to a long-term relationship with CELSE and its shareholders, and to work together to meet Brazil’s energy needs,” Al-Kaabi added.

CELSE CEO Eduardo Malan said: “This is an important milestone in the development of the Porto de Sergipe power plant. CELSE is proud to partner with LNG industry pioneers Qatar Petroleum and ExxonMobil and their newly formed Ocean LNG joint venture as its long-term fuel supplier.”

Ocean LNG Limited is a joint venture company owned by a QP affiliate (70 per cent) and an ExxonMobil affiliate (30 per cent).

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