15-Year Partnership for LNG Supply Strengthens Relationship Between QatarEnergy and Excelerate Energy

Written by Paulo Nogueira

Published on 29/01/2024 at 05:49

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QatarEnergy and Excelerate Energy Sign Long-Term LNG Sale and Purchase Agreement to Meet Energy Needs.

The supply of LNG from Qatar to Bangladesh will be made through a long-term contract signed between QatarEnergy and Excelerate Energy, ensuring a continuous supply of liquefied natural gas to the Asian country.

With the LNG supply contract in effect, Excelerate commits to purchasing up to 1 million tons per year (MTPA) of liquefied natural gas from QatarEnergy, which will be delivered at floating storage and regasification units in Bangladesh. This liquefied natural gas contract will last for 15 years and is set to start in January 2026, strengthening commercial ties between Qatar and Bangladesh.

Extension of the LNG Supply Agreement

We are very pleased to enter into this contract with Excelerate for the supply of up to one million two hundred thousand tons per year of LNG to Bangladesh. This new contract will further solidify our partnership with Excelerate while supporting the energy needs of the People’s Republic of Bangladesh and its progress towards greater economic development‘, stated Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, Chairman and CEO of QatarEnergy.

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15-Year Partnership for LNG Supply Strengthens Relationship Between QatarEnergy and Excelerate Energy

QatarEnergy and Excelerate Energy Sign Long-Term LNG Sale and Purchase Agreement to Meet Energy Needs.

Extension of the LNG Supply Agreement

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15-Year Partnership for LNG Supply Strengthens Relationship Between QatarEnergy and Excelerate Energy

QatarEnergy and Excelerate Energy Sign Long-Term LNG Sale and Purchase Agreement to Meet Energy Needs.

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Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

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