Qatargas Operating Company Limited (Qatargas) has achieved another milestone today as Qatar Liquefied Gas Company Limited (Qatargas 1) enters into a new long-term LNG Sales and Purchase Agreement (SPA) with the largest Japanese LNG buyer, Tokyo Electric Power Company, Incorporated (TEPCO).

The agreement was signed by His Excellency Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry and Chairman of the Board of Qatargas, in the presence of Mr.Takao Arai, Managing Director of TEPCO., in a ceremony held in Doha.

This is the first long-term bilateral agreement between TEPCO and Qatargas. Under the terms of the agreement, Qatargas 1 will deliver 1.0 million tonnes per annum (MTA) of LNG on a long-term basis starting from 2012.

Tags: Qatargas Operating Company Limited, Tokyo Electric Power Company