Qatar strikes second 27-year LNG supply deal with China - Printable Version

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Qatar strikes second 27-year LNG supply deal with China - Levin - 05-07-2023

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/qatar-set-strike-second-big-lng-supply-deal-with-china-ft-2023-06-20/

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RE: Qatar strikes second 27-year LNG supply deal with China - Alice Alicia - 05-07-2023

They are wise not to be manipulated by the West.

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RE: Qatar strikes second 27-year LNG supply deal with China - Niubee - 05-07-2023

The center of activity will be Asia. EU and America will slow diminishing

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