RasGas II Implements Sales of Remaining LNG to Petronet

Ras Laffan Liquefied Natural Gas Co. Limited (II) (RasGas II) announced plans to implement sales of 2.5 million tonnes per year (Mta) of LNG to Petronet LNG Limited (India), completing a 7.5-Mta sales agreement. In 1999, RasGas II entered into a sales and prchase agreement (SPA) for 7.5 Mta of LNG. The delivery of the first phase, consisting of 5 Mta, began in January 2004. RasGas II and Petronet signed a side letter agreement on August 3, 2006, amending the existing SPA to implement the sale of the remaining 2.5 Mta. The delivery of the 2.5 Mta is expected to start in 2009.

Ras Laffan Liquefied Natural Gas Co. Limited (II) is a joint venture company established in 2001 by Qatar Petroleum and ExxonMobil RasGas Inc., an affiliate of ExxonMobil Corp., to produce LNG and related products from a designated area within the North Field.

Petronet LNG Limited (India) was incorporated in 1998 to import LNG and operate the regasification terminals and market regasified LNG in the Indian market.

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