Khaleej Times, Tuesday, Nov 22, 2022 | Rabi Al Thani 27, 1444
Qatar signs world's 'longest' gas supply deal with China: energy minister
Qatar :
Qatar's state energy company announced a 27-year natural gas supply accord with
China on Monday, saying it was the longest ever seen in the industry.
QatarEnergy will send four million tonnes of liquefied natural gas annually from
its new North Field East project to China Petroleum and Chemical Corporation
(Sinopec), the company said.
The deal "marks the longest gas supply agreement in the history of the LNG
industry", said Saad Sherida Al-Kaabi, Qatar's energy minister and QatarEnergy's
chief executive.
The Chinese company's chairman revealed that it had also requested a full share
of the North Field South project.
North Field is at the centre of Qatar's expansion of its liquefied natural gas
production by more than 60 percent to 126 million tonnes a year by 2027.
Asian countries led by China, Japan and South Korea are the main market for
Qatar's gas, which is increasingly being sought by European countries.