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RasGas and EDF Trading Announce New LNG Supply Agreement


Doha, Qatar and London – 30th October 2011: RasGas Company Limited (RasGas) further underlined its position as the world’s liquefied natural gas (LNG) supplier of choice this week when its affiliates Ras Laffan Liquefied Natural Gas Company Limited (II) and Ras Laffan Liquefied Natural Gas Company Limited (3) signed a long-term LNG supply agreement with EDF Trading, a wholly-owned subsidiary of EDF S.A.

This latest agreement is for an annual contract quantity of up to 3.4 million tonnes of LNG per year, equivalent to approximately 4.5 billion cubic metres of natural gas per year. It marks a further extension of an already excellent and strong long-term relationship between RasGas and EDF Trading.

RasGas’ Managing Director, Hamad Rashid Al Mohannadi said: “This agreement is a major achievement for RasGas and highlights a successful effort between RasGas and the EDF Group. It enables the continuation of deliveries of gas by RasGas to markets in northwest Europe.”

The LNG, which will be sourced from RasGas’ existing LNG production trains in Ras Laffan, Qatar will be delivered ex-ship at the Zeebrugge LNG Terminal in Belgium.

John Rittenhouse, Chief Executive of EDF Trading said: “This agreement emphasises EDF Trading’s leading role in the long-term gas market. We are pleased to be working alongside RasGas as LNG is and will continue to be an important source of supply for the EDF Group and our third party customers”.

Note to editor: 

  • Ex-ship: Seller responsible for providing transportation and insurance for LNG cargoes for delivery to the customer at the customer LNG Terminal. 
  • In April 2007, RasGas and EDF Trading Limited signed a LNG supply agreement for deliveries of up to 3.4 Mta of LNG, equivalent to approximately 4.5 billion cubic metres of natural gas per year. 
  • RasGas is a Qatari joint stock company established in 2001 by Qatar Petroleum and ExxonMobil. It acts for and on behalf of the project owners: Ras Laffan Liquefied Natural Gas Company, Ras Laffan Liquefied Natural Gas Company (II) and Ras Laffan Liquefied Natural Gas Company (3).
About RasGas
RasGas Company Limited (RasGas) is the operator of all RasGas projects and is owned by Qatar Petroleum and an affiliate of ExxonMobil RasGas Inc. RasGas operates production facilities to treat, liquefy and supply LNG to countries across Asia, Europe and the Americas. Based in Ras Laffan, Qatar, RasGas currently has seven LNG trains in operation with a total production capacity of around 37 million tonnes of LNG per year. www.rasgas.com

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. It has its own portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios. EDF Trading is one of the largest participants in the global power, gas, coal, freight and environmental products markets. It is one of the top buyers of carbon credits from global CDM projects and has one of the most mature portfolios in the market. It is the largest importer of coal into Europe, a pioneer in the biomass market, a recognised leader in weather derivatives, one of the largest providers of market services to the wholesale gas and power sectors in North America with 15,000 MW of generation under management and the leading electricity trader in Europe.

EDF Trading is a 100% owned subsidiary of EDF, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry

For more information on EDF Trading, please visit www.edftrading.com.

For press enquiries please contact:

RasGas:
Erin Murphy
Senior Public Affairs Officer
RasGas Company Limited
Tel: +974 44531130
Mob: +974 66408086
exmurphy@rasgas.com.qa

EDF Trading:
Michele Reid
Head of Communications
EDF Trading
Tel: +44 20 7061 4232
michele.reid@edftrading.com