Govt to procure two LNG cargoes
The Cabinet Committee on Government Purchase (CCGP) today approved purchasing two additional cargoes of liquefied natural gas (LNG) from Qatar Energy Trading LLC under a long-term government-to-government agreement.
The additional LNG cargoes are scheduled for delivery on November 6 and November 22, 2026, according to the proposal placed before the committee.
The approval came from the 46th meeting of the CCGP in this year.
The LNG will be purchased at a price of JKM minus $0.02 per MMBtu, which is different from the price specified in the existing long-term contract.
Qatar Energy Trading LLC was recommended as the supplier for the two additional cargoes.
The proposal was placed by the Energy and Mineral Resources Division.
The committee recommended approval of the proposal at the meeting.
The purchase is part of the government's arrangements to ensure LNG supplies to meet the country's growing energy demand.
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