Qatar’s state-owned petroleum company, Qatar Petroleum (QP) has entered into a 15-year Sale and Purchase Agreement (SPA) with Taiwan’s petroleum industry company, CPC Corporation (CPC) in order to supply 1.25 million tons per annum (MTPA) of liquefied natural gas (LNG).
CPC Corporation is state-owned petroleum, natural gas, and gasoline company in Taiwan and is the core of the Taiwanese petrochemicals industry.
According to the agreement, LNG deliveries will commence in January 2022 and will be delivered to CPC’s receiving LNG terminals. This SPA underscores Qatar’s continuous commitment to fulfilling the growing energy demands of its clients throughout the world by supplying reliable long-term LNG supplies.
“We are pleased to enter into this long-term LNG SPA, which is another milestone in our relationship with CPC, which dates back to almost three decades. We look forward to commencing deliveries under this SPA and to continuing our supplies as a trusted and reliable global LNG provider. We are grateful to CPC and all our customers around the world for selecting us as their trusted LNG supplier of choice. I would like to take this opportunity to thank the management of CPC and the negotiating teams from both sides for their efforts in concluding this SPA. I also would like to offer my thanks and gratitude to Sheikh Khalid bin Khalifa Al Thani, CEO of Qatargas, for his valuable contribution, to achieve this important milestone.”
CPC has received more than 63 million tons of LNG from Qatar since the first delivery in March 2006, as per the company statement.
Recently, QP has entered into a long-term Sale and Purchase Agreement (SPA) with the British-Dutch oil and gas giant, Shell for the supply of 1 million tons per annum (MTPA) of liquefied natural gas (LNG) to China for 10 years.