Ocean LNG signs SPA with Brazil-based CELSE
November 14, 2016
Qatar Petroleum (QP) President and CEO, Saad Sherida Al-Kaabi hosted a signing ceremony for a long-term SPA between QP’s affiliate, Ocean LNG Limited, and Brazil based Centrais Elétricas de Sergipe (CELSE), a joint venture between GG Power and Ebrasil. Under the terms of the agreement, Ocean LNG, which was established for the purpose of marketing QP’s future international LNG supply portfolio sourced outside of the State of Qatar, will supply 1.3mtpa of LNG to CELSE, on an Ex-Ship basis. The shipments, which will begin in 2020 will be for use at CELSE’s Porto de Sergipe power project near Aracaju, in the Brazilian state of Sergipe.
Edited from QP Press Release.