State-run Qatargas announced this week that it has sold Qatar’s first ever cargo of Liquefied Natural Gas (LNG) to Malaysia as the country continues its push into the southeast Asia LNG market.
The cargo was sold to Petronas LNG of Malaysia and was loaded Saturday on board the LNG carrier, Seri Begawan, at Ras Laffan Port. The cargo will be delivered to Malaysia’s first LNG receiving terminal located in Melaka. The conventional sized cargo contains approximately 3.1 trillion Btu of LNG, Quatargas said.
Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and Chairman of the Board of Directors of Qatargas, welcomed the cargo sale as “another milestone in Qatar’s standing as a reliable international energy supplier.”
“We are pleased with this development as it marks Qatargas’ entry into a new and promising LNG market, helping meet the growing demand for energy in Malaysia and building a stronger relationship with Petronas,” Dr. Mohammed Bin Saleh Al-Sada added.
The cargo was supplied by Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total. Qatargas and Petronas recently concluded a Master Sales and Purchase Agreement (MSPA) to facilitate the sale of this spot cargo and future volumes.
Qatargas sees the southeast Asian LNG market as an increasingly important growing regional market where it intends to strengthen its business activities, the company said in a statement. To-date, Qatargas has commissioned LNG terminals in Thailand and Singapore through delivering the first LNG cargoes to these markets. Qatargas has also delivered several LNG cargoes to PTT of Thailand and is set to commence a long-term supply to Thailand in 2015.