Qatar and China sign mega LNG supply deal.

1 min read
Source: Reuters.com
Qatar and China sign mega LNG supply deal.
Photo: Reuters.com
TL;DR Summary

Qatar has signed a 27-year deal with China National Petroleum Corporation (CNPC) to supply 4 million metric tons of liquefied natural gas (LNG) per year. CNPC will also take an equity stake in the eastern expansion of Qatar's North Field LNG project. This is Qatar's second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia ahead in the race to secure gas supplies from Doha's massive production expansion project.

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