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Qatargas to supply LNG to Malaysia's Petronas LNG for 20 years from 2013

July 25/2011

(Arabian Oil and Gas) -- Qatargas, the State of Qatar's national gas company, has agreed to supply Malaysia's Petronas LNG Ltd 1.5 million tonnes of liquefied natural gas annually for at least 20 years from 2013, the world's biggest LNG producer said today, according to a Reuters report.

"It is the first time Qatargas has signed a HOA (heads of agreement) for supplying LNG to the South East Asian market," Qatargas CEO Khalid Bin Khalifa Al Thani said in a statement.

The LNG supply from Qatar would be equivalent to about 5 percent of Malaysia's current annual domestic natural gas demand, the statement said.

Qatar, the world's biggest LNG exporter, can produce up to 77 million tonnes of LNG a year.

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