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Qatargas looks to double long term LNG supply to Asia
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Thursday, 22 Sep 2011
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Reuters reported that Qatargas wants to double its long term liquefied natural gas supplies to Asia from 11 million tonnes currently to more than 20 million tonnes.

Mr Andrew Seck assistant director of LNG marketing for Qatargas said that "Over the long term, we should be able to double the size of our portfolio in Asia Pacific in excess of 20 million tons with additional sales to Japan, China and others."

Qatargas' long term contracts of roughly 11 million tonnes in Asia Pacific are currently split between Japan and China, and the company hopes its recent short term boost in supply to Japan would lead to more long term supply commitments.

Mr Seck said that "Qatar has diverted a large number of LNG for the short term to Japan. Our support to our anchor buyers went well beyond the 4 million tons and as of today stands at 9 million tonnes of additional LNG. My job is to ensure that Qatargas converts this short term boost for Asia Pacific sales to long term commitments."

(Sourced from www.reuters.com)

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