Qatar's Rasgas has agreed to supply Taiwan's CTC Corp with 1.5 million tonnes per annum of liquefied natural gas (LNG), the chairman of Rasgas said on Tuesday.

Delivery will start in 2013 with incremental volume increases to 2016, said Rasgas Chairman Hamad Rashid al-Mohannadi, declining to comment on the price of the deal.

'Recently the government has announced a new energy policy to encourage the consumption of natural gas in Taiwan,' said CTC chairman Shao-Hua Chu, speaking at the World Petroleum Congress in Qatar. – Reuters