China's Sinopec to take 5% share in #Qatar's North Field East -QNA | Reuters

China's Sinopec to take 5% share in Qatar's North Field East -QNA | Reuters

China's state-owned oil and gas giant Sinopec will take a 5% stake in Qatar's North Field East expansion, part of the world's largest liquefied natural gas (LNG) project, state news agency QNA reported on Wednesday.

Sinopec did not immediately respond to a Reuters request for comment.

QatarEnergy had said previously that it could give up to a 5% stake in the project to some buyers, which QatarEnergy CEO Saad al-Kaabi called "value-added partners".

Last November, Sinopec signed a deal in which QatarEnergy agreed to supply 4 million tonnes of LNG annually for 27 years, the longest LNG contract ever signed by Qatar.

At the time, Sinopec said the agreement was part of an "integrated partnership", which indicated the Chinese firm could be considering acquiring a stake in Qatar's North Field expansion export facility.