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    Trans Mountain Pipeline Expansion Boosts China Oil Trade

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    UAE Energy Investments in the US

    UAE Energy Investments in the US to Reach $440B by 2035

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Future-proofing-gas-sector

    Future-proofing Gas Sector for Efficiency and Sustainability

    South-Africa-Oil-and-Gas-Exploration

    South Africa Speeding-up its Oil and Gas Exploration

    Upstream-Exploration

    High-Risk Geographies in Upstream Exploration and Challenges

    Offshore-Drilling

    Innovations Driving the Future of Offshore Drilling

    Gato-do-Mato

    Shell Approves Gato do Mato Project in Brazil

    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

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    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

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    Ocean Business 2025 conference programme announced

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    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

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QatarEnergy and China’s CNPC to sign major LNG deal

venkat by venkat
February 16, 2023
in Downstream, Gases, News
0
Saudi Arabia sets its sights on hydrogen export leadership

China National Petroleum Corp (CNPC) will soon finalise a deal to buy LNG from QatarEnergy from Qatar’s massive North Field expansion project, Reuters reported, citing three people with knowledge of the matter.

This would be the second such deal between both countries as Beijing looks to diversify its fuel sources in a drive to replace coal and cut carbon emissions.

CNPC’s talks follow a deal announced last November by China’s Sinopec, in which QatarEnergy agreed to supply 4 million tonnes of LNG annually for 27 years, the longest duration LNG supply contract ever signed by Qatar.

State-controlled CNPC, China’s top gas importer, last year also stepped up gas imports from Russia, by pipeline and tanker, snapping up supply that was no longer going to Europe due to sanctions amid Moscow’s war on Ukraine.

QatarEnergy last year signed five deals with international majors for the North Field project, a two-phase expansion plan that will boost Qatar’s liquefaction capacity to 126 million tonnes per year by 2027 from 77 million tonnes.

TotalEnergies, ExxonMobil, ConocoPhillips, ENI and Shell signed a joint-venture agreement with QatarEnergy that includes an equity investment in liquefaction export facilities.

 

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