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Gas Supply Agreement Between Qatar And Chinese Company

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Qatar has signed an agreement with a Chinese company for gas sales. Qatar has signed a contract with China National Petroleum Corporation (CNPC) to supply gas for up to 27 years. Qatar has signed a gas supply contract with a Chinese state-owned company for the second time in less than a year.

Qatar Energy and CNCP signed the agreement on Tuesday. The company will now purchase 4 million metric tons of gas from Qatar per year. CNPC will also be a shareholder in the LNG project in the northern region of Qatar.

“Today we have signed two agreements, which strengthen our relationship with one of the most important gas markets in the world,” said Saad Al Qawi, CEO of Qatar Energy. Last November, Qatar Energy signed a similar agreement with China’s Sinopec. According to the agreement, Sinopec will also buy 4 million tons of gas annually.

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