05-07-2023, 08:55 AM
By Andrew Mills and Maha El Dahan
June 20, 20237:24 PM GMT+8Updated 15 days ago
DOHA, June 20 (Reuters) - Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha's massive production expansion project.
China National Petroleum Corporation (CNPC) and QatarEnergy signed a 27-year agreement, under which China will purchase 4 million metric tons of liquefied natural gas (LNG) a year from the Gulf Arab state.
CNPC will also take an equity stake in the eastern expansion of Qatar's North Field LNG project
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In an identical deal, QatarEnergy sealed a 27-year supply agreement with China's Sinopec in November for 4 million metric tons a year. The state-owned Chinese gas giant also took an equity stake equivalent to 5% of one LNG train of 8 million metric tons a year capacity.
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QatarEnergy had previously said that it could give up to 5% stakes in the gas trains linked to its North Field expansion to what Kaabi, the Gulf state's energy minister and CEO of QatarEnergy, described as "value-added partners".
https://www.reuters.com/business/energy/...023-06-20/
June 20, 20237:24 PM GMT+8Updated 15 days ago
DOHA, June 20 (Reuters) - Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha's massive production expansion project.
China National Petroleum Corporation (CNPC) and QatarEnergy signed a 27-year agreement, under which China will purchase 4 million metric tons of liquefied natural gas (LNG) a year from the Gulf Arab state.
CNPC will also take an equity stake in the eastern expansion of Qatar's North Field LNG project
......
In an identical deal, QatarEnergy sealed a 27-year supply agreement with China's Sinopec in November for 4 million metric tons a year. The state-owned Chinese gas giant also took an equity stake equivalent to 5% of one LNG train of 8 million metric tons a year capacity.
.....
QatarEnergy had previously said that it could give up to 5% stakes in the gas trains linked to its North Field expansion to what Kaabi, the Gulf state's energy minister and CEO of QatarEnergy, described as "value-added partners".
https://www.reuters.com/business/energy/...023-06-20/