Qatar, China sign world’s‘longest’ gas supply deal
22nd Nov 2022
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Qatar, China signed world’s‘longest’ gas supply deal
- Qatar Energy announced a 27 year natural gas supply deal with China on Monday, calling it the “longest”ever seen as it strengthened ties with Asia at a time when Europe is scrambling for alternative sources.
- The state energy company will send four million tonnes of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical Corporation (Sinopec).
- Asian countries led by China, Japan and South Korea are the main market for Qatar’s gas, which is increasingly being sought by European countries since Russia’s invasion of Ukraine.
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