Qatar International Petroleum Marketing Company (Tasweeq) has signed a term contract with Japan’s Astomos Energy Corporation for the sale and purchase of Qatar’s liquefied petroleum gas (LPG) for one more year.

This would to be the 8th LPG term deal between the two companies, said a report in The Peninsula Qatar.

Astomos, a leading LPG-specialised player in the world, has 25 per cent domestic market share in Japan.

The agreement was signed by Saad A Al Kuwari, Tasweeq’s CEO, and Osamu Masuda, Astomos president, in the presence of senior representatives from both companies in London, UK, recently.

Al Kuwari said: “We highly value this agreement and we are committed to strengthening our customer partnership.”