Qatargas sells milestone LNG cargo to China’s Jovo

Qatargas, the world’s largest LNG producer, sold its first cargo of the chilled gas to Jovo LNG Storage and Transportation, an independent LNG importer from China.

The 64,000 cubic meter cargo was sold on a free-on-board basis and loaded on to the vessel LNG Lerici at Ras Laffan port on 22 October pursuant to the FOB agreement signed by the companies earlier this summer. The cargo will be delivered to Jovo’s LNG terminal located in Lisha Island, Dongguan in the Guangdong province.

This represents the first deal of its kind concluded by Qatargas with an independent and privately owned LNG importer in the People’s Republic of China where until today Qatargas has only supplied LNG to Chinese state-owned national oil and gas companies, Qatargas said in a statement.

The recent development in the Chinese market to promote cleaner fuels has encouraged and supported the growth of smaller LNG players like Jovo which enjoys its niche market in the Guangdong province by providing its customers with LNG delivered by a fleet of trucks, as well as with LPG, methanol and DME, the company added.

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LNG World News Staff; Image: Qatargas