QP to supply China with 1 MTPA of LNG
Qatar Petroleum will 1 million tons per annum (MTPA) of LNG for ten years. This Sale and Purchase Agreement (SPA) will commence in January 2022 to various LNG terminals in China.
The company said it will supply the LNG from its Qatargas 1 venture, which will become 100 percent owned by the company as of January 1st 2022.
China is a major importer of gas from Qatar. Overall, this agreement included, China will be receiving with approximately 12 MPTA of LNG under long term SPAs from Qatar. China is shifting its usage from coal to gas- which is less polluting- to be used in heating, electricity generation and other usages.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More gas & LNG news
EU’s Costa Says Russian LNG Phase-Out Makes Room for US Supplies
Fracker Liberty’s Profit Falls to 3-Year Low as Oil Slumps
Uniper and Woodside sign LNG supply agreements
Vista Buys Petronas’ Argentina Oil Stake in $1.5 Billion Deal
Emerson launches Global LNG Solutions Centre in Qatar
Woodside hires Mexico Pacific CEO Sarah Bairstow as Louisiana LNG head
US Junk Bond Market Defrosts After Long Period Without Deals
China’s US Decoupling Collapses Trade in Key Petroleum Product
bp announces oil discovery in the Gulf of America
