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Page added on November 5, 2023

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Qatar Signs Second 27-year Gas Supply Deal With China

Qatar has agreed to supply Sinopec with natural gas for 27 years, the Gulf emirate’s state-owned energy┬ácompany said Saturday, its second such deal with the Chinese firm.

Doha will supply three million tonnes of gas a year under the deal, QatarEnergy said, announcing another agreement granting the Chinese oil giant for a further share of Qatar’s North Field gas expansion project.

The expansion, which broke ground last month, contains the world’s biggest natural gas reserves and extends under the Gulf into Iranian territory.

Under the deal inked in Shanghai, QatarEnergy will give Sinopec a five percent interest in a joint venture with a six million tonnes per year capacity in the second phase the expansion, North Field South.

Asian countries led by China, Japan and South Korea are the main market for Qatar’s gas, which has been increasingly sought by European countries since Russia’s invasion of Ukraine early last year.

In April, state-owned Sinopec became the first Asian firm to secure a stake in the Qatari expansion’s first phase, North Field East.

In 2022 the Chinese firm signed a 27-year supply deal with Qatar for four million tonnes of liquified natural gas (LNG) annually, which at the time was the longest in the industry.

“These historic milestones are a testament to the excellent bilateral relations between the People’s Republic of China and the state of Qatar as well as between Sinopec and QatarEnergy,” the Gulf firm said in a statement.

The first Sinopec deal was succeeded by a flurry of similar 27-year agreements with France’s Total, Britain’s Shell and Italy’s Eni, all announced in recent weeks.

In June this year, Qatar also announced a 27-year supply deal with the China National Petroleum Corporation.

US giants ConocoPhillips and ExxonMobil have also signed deals to partner in the expansion.

Qatar is one of the world’s top LNG producers, alongside the United States, Australia and Russia.

QatarEnergy estimates the North Field holds about 10 percent of the world’s known natural gas reserves.

csp/dv



2 Comments on "Qatar Signs Second 27-year Gas Supply Deal With China"

  1. Theedrich on Sat, 11th Nov 2023 10:03 pm 

    Nice that Hamas can attack Israel, then pull back behind human shields and bleat cries about Israeli “anti-humanitarianism,” ask for “peace” and screech piteously about oppression by Jews, plus broadcasting calls for a Jewish holocaust called “from the River to the sea.”  The massive Mohammedanist marches in London are an automatic result of Britain’s suicidal import of the millions of parasitic Sandworms from their absurd “Commonwealth.”  The Brit talking heads moan about there being no solution to the problem (that they themselves have created).

    Meanwhile the Gazan non-combatant civilians are happy to stay in northern Gaza and offer themselves up as “victims” to Israeli retaliation, thereby assuring themselves a glorious future in their cult god’s paradise.  Elsewhere there are innumerable calls for Utopia to replace the future boneyard that the Sandworms intend to make out of Israel.  All is justified by the concept of “humanitarianism” which America invented to justify its own longstanding, massive crimes.

    Deutschland is determined to commit America-assisted suicide by helping Ukroids and Biden the Mad’s anti-Russian proxies.  China is imagined as a source to lend Germany money to lend to Ukraine.  A brilliant idea, on the level of Biden’s destruction of the Nord Stream pipelines, so as to beggar Germany all the more.  This center of European civilization will now become utterly impoverished and will collapse, with no more money to give to the millions of Merkel-imported 3rd-World parasites that insane German ideologues deliriously screech for as penance for Germany’s past sins.  Meanwhile, ordinary Ukrainian soldiers are being forced to commit senseless suicide by Biden’s intermediaries.  Great work, Bidey!

    In short, European civilization is committing genosuicide because of its Stockholm-syndrome psychopathy.  Thanks to the United States and its globemasters.

    𝖁𝖊𝖗𝖎𝖙𝖆𝖘 𝖑𝖎𝖇𝖊𝖗𝖆𝖇𝖎𝖙 𝖛𝖔𝖘.

  2. Lowes-survey.co on Tue, 5th Dec 2023 1:07 am 

    Lowes company is offering a $500 gift card every month to five lucky customers who participated in the survey online at lowes-survey.co official website.

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