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RWE, Qatargas sign 7.5 year deal for LNG deliveries to Europe

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RWE has signed a seven and a half year deal with Qatargas for liquefied natural gas (LNG) deliveries into Europe, the German utility said on Saturday.

Under the deal, financial details of which were not given, Qatargas will deliver up to 1.1 million tonnes of LNG a year to RWE Supply & Trading (RWEST).

"This agreement enhances the diversity of RWE's European gas portfolio," Andree Stracke, Chief Commercial Officer at RWEST, said in a statement.