Qatar Petroleum reserves capacity at a British LNG station for 25...

Qatar Petroleum and British National Grid said in two separate statements today, Tuesday, that the Qatari company has reserved storage and delivery capacity at the Green LNG terminal in Britain for a period of 25 years from mid-2025.

The agreement was signed between Green LNG, a subsidiary of National Grid, and Qatar Terminal Limited, a subsidiary of Qatar Petroleum.

Qatar Petroleum said its company would seize the equivalent of 7.2 million tons annually of the plant’s capacity.

“By signing this agreement, we reaffirm our commitment to the gas market in the United Kingdom,” said Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs and CEO of Qatar Petroleum.

Qatar Petroleum owns 67.5% of another British LNG terminal, the South Hook terminal.

National Grid said in its statement that the Green plant, located in the Isle of Green, Kent County, can currently store and supply enough gas to meet at least 25% of British demand.

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