Qatargas sells its first LNG cargo to JOVO

Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co. (JOVO) – an independent LNG importer from the People’s Republic of China. The 64,000m3 cargo was sold on a free-on-board basis and loaded on to the vessel LNG Lerici at Ras Laffan port as per the FOB master sale and purchase agreement signed by the parties. The cargo will be delivered to JOVO’s LNG terminal located in Lisha Island, Dongguan, in the Guangdong province.

Photo courtesy of Qatargas

This represents the first deal of its kind concluded by Qatargas with an independent and privately owned LNG importer in China. Khalid Bin Khalifa Al-Thani, Qatargas CEO said: “This is an important milestone for Qatargas. This achievement highlights Qatargas’ capability to supply LNG not only to major LNG players around the globe, but also demonstrates our ability to work successfully with small-scale buyers and cater to their specific needs.â€?

Zhang Jianguo, CEO of JOVO, stated: “After more than two years of hard negotiations and friendly communications, vigorous support from China’s National and Guangdong Provincial Energy Administration has created a new prospect for Chinese Private Enterprise to import LNG. The first LNG cargo from Qatargas is an achievement and it is also an important milestone for JOVO. I believe there will be better cooperation between JOVO and Qatargas.â€?

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