Qatar Petroleum affiliate signs a long-term deal with Brazil CELSE
Qatar Petroleum President and CEO, Saad Sherida Al-Kaabi hosted a signing ceremony for a long-term LNG sale and purchase agreement between QP’s affiliate, Ocean LNG Limited, and Brazil based CELSE-Centrais Elétricas de Sergipe S.A. (“CELSE”), a joint venture between GG Power and Ebrasil.
Under the terms of the agreement, Ocean LNG will supply 1.3 million tons per annum of LNG to CELSE, on an Ex-Ship basis. The shipments, which will begin in 2020, will be for use at CELSE’s Porto de Sergipe power project near Aracaju, in the Brazilian state of Sergipe.
“This is the first SPA to be entered into by Ocean LNG, making it the first supplier to deliver LNG to Brazil under a long-term contract,” Al-Kaabi said. “It represents another step towards enhancing our position as a global LNG leader and extending our reach to all markets”.
“This is an important milestone in the development of the Porto de Sergipe power plant,” CELSE CEO, Mr. Eduardo Malan said. “CELSE is proud to partner with LNG industry pioneers Qatar Petroleum and ExxonMobil and their newly formed Ocean LNG joint venture as its long-term fuel supplier.”
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