#Qatar Petroleum signs 10-year deal to supply LNG to China's Sinopec | ZAWYA MENA Edition

Qatar Petroleum signs 10-year deal to supply LNG to China's Sinopec | ZAWYA MENA Edition

Qatar Petroleum (QP), the world’s top liquefied natural gas (LNG) supplier, has signed a long-term agreement to supply LNG to China Petroleum and Chemical Corporation (Sinopec) for several years.

With the new deal, said to be the first in the history of the Chinese firm, Qatar Petroleum will supply two million tonnes of LNG to Sinopec every year for a term of ten years.

The long-term purchase and sales agreement was signed on March 22 via an online video conference.

China is a key and strategic energy partner for the state of Qatar, having supplied 62 million tonnes of LNG to China since 2009.

“This cooperation will further enhance Qatar’s ability to supply the Chinese market to meet growing demand, as well as highlight Qatar Petroleum’s leading position in the industry,” a statement released on Tuesday said.