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Qatar supply LNG to Malaysia for 20 years
DUBAI : Qatargas agreed to supply Malaysia's Petronas LNG Ltd 1.5 million tonnes of liquefied natural gas annually for a
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"It is the first time Qatargas has signed a HOA (heads of agreement) for supplying LNG to the South East Asian market," Qatargas CEO Khalid Bin Khalifa Al Thani said in a statement.
"We are very pleased with this achievement as it represents the first long-term agreement for supplying LNG to one of the world's fastest growing LNG markets," he added.
The LNG supply from Qatar would be equivalent to about 5 percent of Malaysia's current annual domestic natural gas demand, the statement said.
Qatar, the world's biggest LNG exporter, can produce up to 77 million tonnes of LNG a year.
Copyright Reuters, 2011