E.ON signs three year UK deal for Qatari gas

Germany energy giant E.ON has penned a three year deal to bring Qatari gas to the UK. The company’s energy trading arm signed the contract which begins immediately with RasGas. […]

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By Vicky Ellis

Germany energy giant E.ON has penned a three year deal to bring Qatari gas to the UK.

The company’s energy trading arm signed the contract which begins immediately with RasGas. It will see liquefied natural gas (LNG) from Qatar supplied to the Isle of Grain.

It could supply up to around two billion cubic meters of gas over its term.

Hamad Rashid Al Mohannadi, CEO of RasGas said: “RasGas has four long-term LNG contracts in Europe and the UK is a very important market to the State of Qatar.”

He emphasised the company aims to be “safe and reliable” with its short and long-term gas sales.

Christopher Delbrück, CEO of E.ON Global Commodities said he was pleased with the deal, given the “rapidly changing LNG marketplace”.

He said: “The contract is a significant step in the development of our global growth strategy and is another big step in the development of our long-term partnership with the State of Qatar.”

Qatar is the world’s largest producer of LNG according to the IEA, with a liquefaction capacity roughly a quarter of global LNG capacity as of late 2013.