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Rasgas Makes Landmark Entry Into Portugal

Source: 8/23/2010, Location: Middle East

RasGas Company Limited has demonstrated once again to be a world-leading energy supplier with its first liquefied natural gas (LNG) delivery into Portugal.

The spot sale cargo was delivered to an affiliate of Galp Energia SPGS, S.A., at the Sines LNG Terminal in Portugal, from the LNG tanker Al Deebel. By extending its global reach into Portugal, RasGas has cemented its reputation as one of most reliable and secure suppliers of LNG in the world energy market.

"As of today, RasGas has supplied LNG to 14 different countries and we continue to look for opportunities to deepen existing relationships and further diversify our portfolio of customers, "said Khalid Sultan Al Kuwari, RasGas' Marketing Executive. 'RasGas currently connects the reservoirs of Qatar's North Field to customers around the world via seven LNG trains, 27 long-term chartered ships - including Q-Flex and Q-Max LNG carriers - and access to regas terminals in Europe and the United States. Today's historic cargo delivery further demonstrates our credentials as a globally trusted supplier of LNG, and builds on our reputation for operational excellence and contract flexibility."

RasGas' breakthrough into the Portuguese market consolidates its position in the global LNG market, and marks a significant step towards achieving Qatar's vision of becoming the world's largest and most reliable supplier of LNG. Since its creation in 1993, RasGas has developed world-class facilities for the extraction, storage, processing and export of LNG, and has supplied LNG to a diverse customer portfolio across the major consuming regions.

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

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