Qatargas to sign five year LNG agreement with OMV

(MENAFN) Qatargas Operating Company Limited is to sign a new Sale and Purchase Agreement (SPA) with OMV Gas Marketing & Trading (OMV) as the Austrian company is to receive from Qatargas 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum for five years under the agreement's conditions.

"We are very pleased to announce this new deal with OMV - an international, integrated oil and gas company operating from the heart of Europe. OMV provides major European customers and distributors with tailored natural gas solutions, and we look forward to supplying them with reliable Qatari LNG," as stated by President and Chief Executive Officer of Qatar Petroleum, and Chairman of the Qatargas Board of Directors Saad Sherida Al Kaabi.

He further added "with this deal, Qatargas has once again demonstrated its ability to capture new opportunities and expand its network of customers in an evolving market."

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