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September 04, 2015 9:44 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Qatar Liquefied Gas Company Ltd.

Company Overview

Qatar Liquefied Gas Company Ltd. engages in the exploration and production of liquefied natural gas (LNG). The company was founded in 1984 and is based in Ras Laffan Industrial City, Qatar. Qatar Liquefied Gas Company Ltd. operates as a subsidiary of Qatar Petroleum.

Ras Laffan Industrial City,  

Qatar

Founded in 1984

Key Executives for Qatar Liquefied Gas Company Ltd.

Qatar Liquefied Gas Company Ltd. does not have any Key Executives recorded.

Qatar Liquefied Gas Company Ltd. Key Developments

PGNiG and Qatargas Sign Memorandum of Understanding for the LNG Supplies Contract

Polskie Górnictwo Naftowe i Gazownictwo SA and Qatar Liquefied Gas Company Ltd. have signed a memorandum of understanding concerning the LNG supplies contract of June 29, 2009. Pursuant to the Memorandum, PGNiG i Qatargas, which have a long track record of cooperation, have changed the terms on which the Long-Term Contract will be performed in 2015. According to the Memorandum, Qatargas will place the LNG expected to be supplied to PGNiG in 2015 (approximately 1.5 bcm) on other markets, leveraging its position as one of the world's leading LNG producers and suppliers. The Memorandum also sets out the terms on which PGNiG and Qatargas will agree on LNG supplies to the Swinoujscie LNG terminal in 2015, depending on Poland's energy demand. PGNiG will cover the potential difference between the LNG price specified in the Long-Term Contract and the market price at which Qatargas sells the LNG originally contracted by PGNiG. If the price is not satisfactory to PGNiG, any unsold LNG supplies will be shifted to later years of the Long-Term Contract. Based on the current projections for global LNG prices and natural gas prices in Poland in 2015, the PGNiG Management Board believes that the Memorandum may enable PGNiG to achieve better results on trading in the natural gas supplied under the Long-Term Contract compared with the original assumptions.

Polskie Górnictwo Naftowe i Gazownictwo SA and Qatar Liquefied Gas Company Ltd Signs Memorandum of Understanding Concerning the LNG Supplies Contract

Polskie Górnictwo Naftowe i Gazownictwo SA and Qatar Liquefied Gas Company Ltd. have signed a memorandum of understanding concerning the LNG supplies contract of June 29, 2009. Pursuant to the Memorandum, PGNiG i Qatargas, which have a long track record of cooperation, have changed the terms on which the Long-Term Contract will be performed in 2015. According to the Memorandum, Qatargas will place the LNG expected to be supplied to PGNiG in 2015 (approximately 1.5 bcm) on other markets, leveraging its position as one of the world's leading LNG producers and suppliers. The Memorandum also sets out the terms on which PGNiG and Qatargas will agree on LNG supplies to the Swinoujscie LNG terminal in 2015, depending on Poland's energy demand. PGNiG will cover the potential difference between the LNG price specified in the Long-Term Contract and the market price at which Qatargas sells the LNG originally contracted by PGNiG. If the price is not satisfactory to PGNiG, any unsold LNG supplies will be shifted to later years of the Long-Term Contract.

Qatar Liquefied Gas Company Ltd. and Kuwait Petroleum Corporation Sign LNG Agreement

Qatar Liquefied Gas Company Ltd. (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have signed an agreement in order to supply KPC with liquefied natural gas in 2014. Under the agreement, eight LNG cargoes will be delivered to Kuwait by the end of the year.

Similar Private Companies By Industry

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Qatar Liquefied Gas Company Limited II (Train B) Middle East/Africa

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