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QP to supply Zeebrugge LNG in Belgium

Deal signed with Fluxys Belgium to extend existing agreement up to 2044

Qatar Petroleum and the Belgian independent natural gas transport company Fluxys Belgium have signed a long-term agreement for liquefied natural gas unloading services at the Zeebrugge LNG terminal in Belgium.

Under the deal, with an undisclosed value, QP will subscribe to the full capacity at the terminal from the expiry of the existing long-term unloading contracts and up to 2044.

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QP is already a party to an existing agreement under which approximately 50% of the terminal’s capacity is utilised for delivery of Qatari LNG into Belgium under long-term LNG agreements.

The transaction follows a competitive evaluation process as well as the approval of the Belgian regulators.

Chief executive of QP, Saad Sherida Al-Kaabi said “We are delighted to sign this landmark agreement today to extend and expand our existing long-term partnership with Fluxys Belgium for decades to come.

“We believe this arrangement will further support our customers in Belgium and Europe in general, by providing access to reliable LNG supplies from Qatar and allowing our customers to maximize the utilisation of such supplies,” he said.

The Belgian Federal Minister of Energy, Environment & Sustainable Development Marie Christine Marghem added: “Qatar is the only gas producing country with long-term contracts for imports of LNG into North West Europe. Approximately 15% of our gas consumption comes from Qatar.”

The Zeebrugge LNG terminal is operated by Fluxys LNG, part of Belgian independent natural gas transport company Fluxys.

The terminal currently has 380,000 cubic meters of LNG storage capacity spread over four tanks and an annual throughput capacity of 9 billion cubic meters of natural gas. A fifth 180,000 cubic meters storage tank is currently under construction.

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