Sinopec seals $60bn deal with QatarEnergy to buy 4 mtpa of LNG from 2026

Monday, 28 November 2022

China’s state-owned Sinopec has signed a $60 billion agreement to buy 4 mtpa of LNG from QatarEnergy’s North Field East project for 27 years, starting from 2026. The deal marks China’s longest-reaching LNG supply accord to date, bolstering the country’s energy security at a time when Europe is scrambling for alternative, non-Russian gas supplies. 

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