RasGas Makes Milestone 500th LNG Cargo Delivery to Edison

Doha, July 06 (QNA) - RasGas Company Limited (RasGas) celebrated the 500th liquefied natural gas (LNG) cargo delivery to its long term customer, Edison, under the Long Term Sales and Purchase Agreement (SPA) signed between Ras Laffan Liquefied Natural Gas Company (II) and Edison in November 2003, for deliveries of 4.6 million tonnes (or 6.4 billion standard cubic metres) of LNG per year. RasGas LNG tanker, Al Areesh, delivered the cargo on 1st July, 2017 at the Adriatic LNG Terminal located in the northern Adriatic Sea, about 15 kilometres off the Veneto coastline in Italy. Commenting on this significant milestone, RasGas Chief Executive Officer, Hamad Mubarak Al Muhannadi said: "We are very proud to have delivered the 500th LNG SPA cargo to our long-term partner and customer, Edison. This is a milestone delivery that underlines RasGas continued commitment to the safe and reliable supply of LNG to all of its customers worldwide." "The 500th LNG SPA cargo is further evidence of the excellent relationship and long term partnership between RasGas and Edison, which started more than fourteen years ago with the signing of the Long Term LNG Sales and Purchase Agreement and the construction of the offshore LNG receiving terminal," said Marc Benayoun, Edisons Chief Executive Officer. RasGas Company Limited (RasGas) is a Qatari joint stock company established in 2001 by Qatar Petroleum and ExxonMobil RasGas Inc. RasGas acts as the operating company for and on behalf of the owners of the liquefied natural gas (LNG) projects RL, RL (II) and RL3 (Project Owners). With operations facilities based in Ras Laffan Industrial City, Qatar, RasGas principal activities are to extract, process, liquefy, store and export LNG and its derivatives from Qatar's North Field. RasGas, on behalf of the Project Owners, exports to countries across Asia, Europe and the Americas. It has a total LNG production capacity of approximately 37 million tonnes per annum. Edison is a leading player in Italy and Europe in the procurement, production and sale of electricity, in the provision of energy and environmental services thanks also to its subsidiary Fenice and in the E&P sector. Founded over 130 years ago, Edison has contributed to the electrification and development of Italy. (QNA)