RasGas II, FPL Group ink HOA to supply LNG to Florida

By OGJ editors

HOUSTON, July 27 -- Ras Laffan LNG Co. Ltd. (II) and FPL Group Resources LLC (FPLGR), a unit of FPL Group Inc., Juno Beach, Fla., inked a heads of agreement to supply LNG from Qatar to a proposed LNG terminal and regasification facility at South Riding Point on Grand Bahama Island.

Under terms of the HOA, RasGas (II) (a joint venture of Qatar Petroleum and ExxonMobil RasGas Inc.) and a FPLGR affiliate expect to sign an LNG sale and purchase agreement for about 6 million tonnes/year to be delivered over 25 years beginning in mid-2008.

The feed gas will come from Qatar's North field; FPLGR plans to sell the LNG to wholesale customers throughout Florida.