Qatar Energy wants to supply a total of 108 million tons of liquefied natural gas (LNG) to the Chinese group Sinopec over 27 years.
Qatar and China have signed a long-term and comprehensive gas deal. The producer Qatar Energy wants to deliver a total of 108 million tons of liquefied natural gas (LNG) to the Chinese group Sinopec over 27 years, as the Qatari company announced.
It is the longest gas supply contract in the history of the liquid gas industry, said Qatar’s Energy Minister Saad Sharida al-Kaabi at the signing ceremony in Doha on Monday.
Sinopec called the deal a “milestone.” The agreement is an “important part of the integrated cooperation between both sides,” it said in a statement. The two companies had already signed an initial gas supply agreement in March 2021, which will run for ten years.
Qatar is one of the world’s largest exporters of LPG. The rich emirate has the third largest gas reserves in the world after Russia and Iran. Qatar shares the world’s largest gas field with Iran, located off the country’s coast. The vast majority of exports go to Asia, so far primarily to Japan, South Korea and India.
Germany also wants to import larger quantities of liquid gas from the Gulf State in the future. This is intended to replace part of the gas supplies from Russia. The two countries signed an energy partnership last May. At that time, it was said that Qatar could deliver liquid gas to Germany as early as 2024. However, it is still unclear when a supply agreement can actually be concluded.
Announcement Qatar Energy
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
