LNG

China Petroleum and Chemical Corp. (Sinopec), whose LNG assets include a stake in the Australia-Pacific LNG plant in Queensland and an expansion venture in Qatar, said third-quarter net profits increased by 34 percent and revenues also moved higher along with demand for natural gas and refined products.

US credit ratings agency Moody’s Investors Service has affirmed the high credit rating of Qatar Petroleum as it embarks on liquefied natural gas expansions and the projects are expected to be completed on time.

Qatar Petroleum has received offers for double the equity available to potential partners in the bidding process for the North Field East liquefued natural gas export plant expansion project in the Gulf.