China seals major long-term LNG supply deal with Qatar

China seals major long-term LNG supply deal with Qatar

Daily Current Affairs   /   China seals major long-term LNG supply deal with Qatar

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Category : Business and economics Published on: November 26 2022

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  • Qatar's state energy company announced a 27-year natural gas supply accord with China, 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).
  • Asian countries led by China, Japan and South Korea are the main market for Qatar's gas.
  • 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.
  • China is the first country to seal a deal for North Field East.
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