Qatar’s LNG Exports to Reach 78 Million Tons

Qatar’s total LNG exports will reach about 78.1 million tons per year by 2011 if the eight heads of agreements (HoAs) are turned into sale and purchase agreements (SPAs), says a recent Gulf Times report. The SPAs Qatargas and RasGas signed with buyers worldwide would peak in 2011 with exports totaling 34.5 million tons annually. Additionally, the eight HOAs signed by Qatargas and RasGas could push the exports by another 43.6 million ton by 2011, according to the report. The SPAs are with Kogas (South Korea), Petronet (India), Edison Gas (Italy), Gas Natural (Spain) BP and Endesa Generacion (Spain). The HOAs are with ExxonMobil, Eni (Italy), ConocoPhillips, Gas Natural, Florida Power and Light and Fluxys LNG. Source: The Gulf Times