Qatar Petroleum said its affiliate Ocean LNG Limited has signed a deal to provide 1.3 million tons per annum of LNG to Brazil based CELSE-Centrais Elétricas de Sergipe (CELSE) from 2020.

The shipments will be for use at CELSE’s Porto de Sergipe power project near Aracaju, in the Brazilian state of Sergipe.

Qatar Petroleum President and CEO Saad Sherida Al-Kaabi  said: “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. It represents another step towards enhancing our position as a global LNG leader and extending our reach to all markets.”

“Brazil is an important LNG market and we are proud to contribute to meeting Brazil’s gas demand. We look forward to a long-term relationship with CELSE and its shareholders, and to work together to meet Brazil’s energy needs,” he added.

CELSE CEO Eduardo Malan said: “This is an important milestone in the development of the Porto de Sergipe power plant. 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.”

Ocean LNG Limited is a joint venture company owned by a QP affiliate (70 per cent) and an ExxonMobil affiliate (30 per cent), and has an established branch office in the Qatar Financial Centre (QFC) in Doha to manage and undertake its activities. – TradeArabia News Service