#Qatar Petroleum secures deal to supply LNG to China for 15 years | ZAWYA MENA Edition

Qatar Petroleum secures deal to supply LNG to China for 15 years | ZAWYA MENA Edition

Qatar Petroleum, one of the world’s biggest liquefied natural gas (LNG) suppliers, has secured a new deal to supply LNG to China for a period of 15 years.

The sale and purchase agreement (SPA) with CNNOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation, will see Qatar deliver 3.5 million tonnes of LNG per annum (MTPA) starting from January 2022, according to a statement on Wednesday.

CNOOC is China’s top offshore oil and gas producer.

“We are pleased to further build upon our strong relationship with CNOOC with the signing of this new [agreement]. We are especially proud to continue to meet the People’s Republic of China’s growing need for cleaner energy that LNG provides,” said Minister of State for Energy Affairs Saad Sherida Al-Kaabi.