First private Chinese firm buys Qatar’s LNG
DOHA, October 29, 2014 – Last Wednesday, Qatar’s state-owned gas company Qatargas sold its first LNG cargo to Chinese independent Jovo LNG Storage and Transportation Company. 640,000 cubic metres of LNG were loaded onto the LNG Lerici vessel at Ras Laffan port, around 80 kilometres north of Qatar’s capital Doha.
The cargo was sold on a free-on-board basis, requiring Jovo to deliver it to Jovo’s LNG terminal in Lisha Island, Dongguan, China.
Until the sale was made, Qatargas had only sold LNG to Chinese state-owned oil and gas companies. The sale was the first to a privately owned LNG importer. Jovo supplies LNG, LPG, methanol and dimethyl ether to China’s Guandong province. Qatargas has the world’s largest LNG production capacity of 42 million tonnes per year.