Qatargas Delivers 1st Spot LNG Cargo to JERA

Qatargas Qatargas Operating Company Limited (Qatargas) has shipped its first spot liquefied natural gas (LNG) cargo to Japans newly established energy company JERA. JERA is a joint venture between two of Japans largest power utility companies Chubu Electric Power and TEPCO Fuel & Power. The delivery follows an agreement on the first purchase under the recently signed master sales and purchase deal between the duo. The cargo was delivered onboard the Q-Flex LNG Vessel, Al Ruwais, to the Futtsu LNG Terminal in Tokyo Bay on May 13, 2016. Qatargas says it will be supplying a total of nearly seven million tons of LNG per year under a long-term agreement with JERA. In 2015, Qatargas delivered a total of 14.6 million tons of LNG to Japan. Last month, Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MOU) to explore the development of LNG as a marine fuel in the Middle East region.