Doha, Qatar- March 8, 2016: RasGas Company Limited (RasGas) reaffirmed its reputation for operational reliability and efficiency and their long term commitments, as it continues to provide its customers with compelling, competitive and tangible advantages in an evolving LNG market.
RasGas marked a milestone with its delivery of the 500th long term LNG cargo to their long term customer CPC Corporation, Taiwan (CPC) on March 5, 2016.
The 500th LNG cargo was loaded aboard CPC`s Taitar (TaiwanQatar) No. 4 vessel at Ras Laffan port on March 5, 2016, under the long term Sales and Purchase Agreement (SPA) between CPC Corporation, Taiwan and Ras Laffan Liquefied Natural Gas Company Limited (II).
In 2011, Ras Laffan Liquefied Natural Gas Company Limited (3) and (CPC) signed a second long term supply of LNG from RasGas which increased the annual long term sales to over five million tons per year to CPC and Taiwan. In addition, RasGas has delivered 72 cargoes, approximately 4.4 million tons of LNG to CPC on spot basis since 2007 to date.
“As a long term LNG supplier to CPC, RasGas is pleased to achieve this major milestone with our long-standing partners. We have come a long way since signing our first ever SPA with CPC in 2005. Last year, we extended the partnership to joint corporate social responsibility (CSR) activities with CPC through the ‘Energising Education’ initiative. We look forward to continuing to grow our relationship with CPC and the people of Taiwan even further,” said Khalid Sultan R. Al Kuwari, Chief Marketing & Shipping Officer, RasGas.
The ‘Energising Education’ initiative benefitted nine local schools in Taichung, Taiwan, bringing tangible benefits to hundreds of students in the local community by providing improvements and upgrades to educational resources and facilitates better learning opportunities for students.