Qatar Petroleum has signed a long-term LNG unloading services agreement for Zeebrugge LNG terminal with Fluxys Belgium.
Under the deal, signed with Fluxys LNG in Brussels on September 2, Qatar Terminal Limited (QTL) subscribed unloading slots at the facility from the expiry of the current long-term unloading contracts and up to 2044.
“We believe this will further support our customers in Belgium and Europe in general, by providing them access to reliable LNG supplies from Qatar and allowing them to maximize the utilization of such supplies,” Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, said.
Qatar Petroleum books the full LNG regasification capacity of Zeebrugge LNG terminal in Belgium up to 2044 #QP #QatarPetroleum #LNG #Qatar #Belgium https://t.co/488qgZQQ4B pic.twitter.com/AQ82D1R0BN
— Qatar Petroleum (@qatarpetroleum) September 2, 2019
“This agreement further extends our long-standing cooperation with Qatari partners, secures long-term activity at the Zeebrugge terminal and further strengthens the facility’s position as a versatile LNG gateway into Europe offering customers optimum destination flexibility,” Pascal De Buck, CEO and Chairman of the Executive Board of Fluxys Belgium, said.
The long-term contract is the outcome of a subscription window held from April 30 to May 24, 2019 for services at the Zeebrugge LNG terminal upon expiry, as from 2023, of the current long-term unloading contracts.
In late June, the Belgian Federal Commission for Electricity and Gas Regulation (CREG) approved the accompanying tariff and LNG Services Agreement proposals, clearing the way for turning the binding interest obtained through the subscription window into a long-term LNG services agreement.