Chinese major Sinopec signs long-term LNG supply agreement with QatarEnergy for 4 MTPA from 2026
China Petroleum & Chemical Corp., known as Sinopec, has signed a cargo supply deal with QatarEnergy to receive 4 million tonnes per annum of cargoes from the Ras Laffan plant in the Arabian Gulf from 2026.
Sinopec doubles profits and increases LNG procurement from US and Qatar amid rise in China shale output
China Petroleum and Chemical Corp. (Sinopec), one of the world’s top six oil and gas companies and a significant liquefied natural gas importer to back up its refining activities, more than doubled annual net profits as prices soared and it continued to seal LNG supply deals.
Chinese major Sinopec reports big drop in profits amid rising LNG imports and economic recovery
China Petroleum and Chemical Corp., or Sinopec, the largest Chinese owner of oil refineries and with growing LNG volumes to match its contracted Australian supplies, reported a tumble in net profits of almost 46 percent in the year to date because of the double challenges in the energy market.
