RasGas sign long-term LNG supply agreement with EDF

RasGas Company Limited (RasGas) has signed a Long-term Liquefied natural gas (LNG) Supply Agreement with Electricite de France (EDF) Trading, a wholly-owned subsidiary of EDF S.A., one of Europe''s largest power companies. According to the agreement, RasGas will deliver as much as 3.4 million metric tons (4.5 billion cubic meters) of Liquefied natural gas (LNG) a year to Belgium’s Zeebrugge terminal, RasGas said in a statement. "This agreement is a major achievement for Rasgas," said the company Managing Director, Hamad Rashid Al Mohannadi. "It enables the continuation of deliveries of gas by Rasgas to markets in northwest Europe," he continued. Established in 2001 by Qatar Petroleum (70 per cent) and ExxonMobil (30 per cent), RasGas is a Qatari joint stock company, which acts as the operating company for and on behalf of Ras Laffan Liquefied Natural Gas Company Limited ''RL''; Ras Laffan Liquefied Natural Gas Company Limited (II) ''RL (II)''; Ras Laffan Liquefied Natural Gas Company Limited (III) ''RL (III)''; Al Khaleej Gas Project; Ras Laffan Helium; and Barzun Gas Company Limited (Barzan Gas Project). It produces around 37 million tonnes of LNG per annum, one of the largest in the world.