China will reach a 27 -year -long LNG transaction with Qatar, entering about 4 million tons of natural gas from Qatar each year.
According to Bloomberg, a person familiar with the matter revealed that China Petroleum Corporation will sign a 27 -year liquefied natural gas procurement agreement with Qatar Energy Corporation on Tuesday (June 20).According to the agreement, PetroChina will purchase 4 million tons of natural gas from Qatar Energy Company every year.
According to sources, the transaction will be implemented as soon as 2026, and PetroChina will also obtain 5%of the equity in the expansion of the gas field expansion in northern Qatar.
On the occasion of the above news, the chairman of PetroChina Dai Houliang on Monday (19th) conducted a survey in the capital of Qatar. In addition to listening to the report of business situation in the Middle EastEssence
According to the press release issued by PetroChina, Dai Houliang said during talks with Chen Yue that with the strong support of the embassy, PetroChina will expand the mutually beneficial cooperation with the deck to promote the China -card strategic partnership.Make new contributions to the new level.
It is reported that PetroChina and Qatar Energy's reaching a procurement agreement is good for both China Card.China hopes that in the next few decades, energy can purchase energy at the affordable price to meet the growing demand; while Qatar plans to expand natural gas output in the mid -2020s, buyers need to digest these capacity.
People familiar with the matter said that in addition to China, Qatar is about to sign more procurement agreements with European buyers.
