Qatar And China Make History With 27-Year LNG Supply Deal ...Middle East

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Qatar And China Make History With 27-Year LNG Supply Deal
source : OILPRICE ( Middle East ) () 29
Qatar’s state firm QatarEnergy signed on Monday the longest-term contract in the history of the LNG industry in a deal to supply LNG to Chinese state energy giant Sinopec for 27 years. QatarEnergy will supply China Petroleum & Chemical Corporation (Sinopec) with 4 million tons per annum (MTPA) of LNG to China from the North Filed East (NFE) expansion project, just as global competition for LNG intensifies amid a European rush to secure non-Russian gas supply. “This is the first long-term SPA from the NFE project to be announced,…

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