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  • Edison-RasGas: agreement for long term gas contract from Qatar
    édité le 02/09/2016 - Plus de news de "Edison" - Voir la fiche entreprise de "Edison"


Edison-RasGas: agreement for long term gas contract from Qatar
Edison and RasGas signed an agreement to adjust the price of the long term gas supply contract from Qatar to reflect current market conditions.

The agreement settles a commercial discussion started at the end of 2015 and reinforces the spirit of cooperation that the two companies achieved over the long term gas import contract in force since 2009 for a quantity of 6.4 billion cubic meters of gas per year.

About Edison

Edison, second largest gas company in Italy, is active in production and sale of electric power and hydrocarbons with an increasing interest abroad, especially in the E&P sector through 58 concessions and permits in Italy and 37 outside the country: Egypt, Norway, Croatia, Algeria, UK and Israel. In the E&P business the company can count on hydrocarbons reserves for a total amount of 360 million cubic meters equivalent, including reserves in the Egyptian concession of Abu Qir, of which Edison holds all the rights since 2009. Edison gas supply is 15.8 billion cubic meters and covers about a fifth of Italian needs.

About RasGas

RasGas Company Limited (RasGas) is a Qatari joint stock company established in 2001 by Qatar Petroleum and ExxonMobil RasGas Inc. RasGas acts as the operating company for and on behalf of the owners of the liquefied natural gas (LNG) projects RL, RL (II) and RL3 (Project Owners). With operations facilities based in Ras Laffan Industrial City, Qatar, RasGas’ principal activities are to extract, process, liquefy, store and export LNG and its derivatives from Qatar’s North Field. RasGas, on behalf of the Project Owners, exports to countries across Asia, Europe and the Americas. It has a total LNG production capacity of approximately 37 million tonnes per annum.

For pipeline sales gas to the domestic market, RasGas also operates the Al Khaleej Gas Projects, AKG-1 and AKG-2 supplying approximately 2.0 billion standard cubic feet (Bscf) per day. RasGas is currently adding production capacity by managing the construction of the Barzan Gas Project, which when fully operational, is expected to supply approximately 1.4 Bscf of additional sales gas per day to the Qatari market to meet growing demand for energy at power stations and downstream industries.

RasGas currently operates the Ras Laffan Helium Plant which was established in 2003 and came on stream in 2005. The plant extracts, purifies and liquefies helium from the North Field. The second helium plant entered production in June 2013 bringing the total liquid Helium production capacity to 1.96 Bscf per year.


Origine : Communiqué Edison

Voir la fiche entreprise de "Edison"





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