{"id":78035,"date":"2022-11-22T09:44:23","date_gmt":"2022-11-22T09:44:23","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=102947"},"modified":"2022-11-22T09:44:23","modified_gmt":"2022-11-22T09:44:23","slug":"sinopec-and-qatarenergy-ink-long-term-lng-deal","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/sinopec-and-qatarenergy-ink-long-term-lng-deal\/","title":{"rendered":"Sinopec and QatarEnergy Ink\u00a0Long-term LNG\u00a0Deal"},"content":{"rendered":"
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The Deal Will See QatarEnergy Supply 4 million tons of LNG to Sinopec Every year, and the Two Sides Carry out Integrated Cooperation on the Expansion Project of the Northern Gas Field<\/i> <\/b><\/p>\n

BEIJING, Nov. 22, 2022 \/PRNewswire\/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) and QatarEnergy\u00a0have\u00a0signed a\u00a0long-term Liquified Natural Gas (LNG) purchase and sales agreement for\u00a0the annual supply of\u00a0four million tons of LNG to Sinopec.\u00a0Both parties\u00a0will\u00a0work together on\u00a0Qatar’s North Field Expansion Project (“the Project”).<\/p>\n

\"Logo\"<\/div>\n

The 27-year long-term LNG purchase and sale agreement is an important part of the integrated cooperation between the two sides. Sinopec Chairman Ma Yongsheng and Qatari\u00a0Minister of State for Energy Affairs, President and CEO of QatarEnergy, H.E. Saad Sherida Al-Kaabi, formally signed the agreement together during an online ceremony.<\/p>\n

China and Qatar have\u00a0enjoyed\u00a0friendly and close ties\u00a0while building synergies in the\u00a0energy sector,\u00a0Ma said. The healthy level of diplomacy creates\u00a0a favorable environment for both sides to continuously deepen their\u00a0cooperation.<\/p>\n

“The signing of this agreement aligns\u00a0with Sinopec’s adherence\u00a0to green, low-carbon, safe,\u00a0and sustainable development,” Ma said. “The LNG supply will\u00a0help meet the demand for natural gas in the Chinese market, but also further optimize China’s energy mix while enhancing the\u00a0security, stability,\u00a0and reliability of energy supply.”<\/p>\n

“We are delighted to have reached this agreement, which will further strengthen the excellent bilateral relationship between China and Qatar,” said H.E. Mr. Al-Kaabi. “The\u00a0agreement\u00a0will help to meet China’s growing demand for clean energy. This cooperation, which spans different fields and\u00a0will last for\u00a027 years, marks\u00a0an\u00a0extraordinary and exciting new chapter of cooperation between the two sides.<\/p>\n

Commissioning of the Northern Gas Field Expansion Project is slated\u00a0for 2026. This agreement is the second long-term LNG purchase and sale agreement signed between Sinopec and QatarEnergy, and the first long-term LNG purchase and sale agreement for the Project.<\/p>\n

For more information, please visit\u00a0Sinopec<\/a><\/u>.<\/p>\n

Logo – https:\/\/mma.prnewswire.com\/media\/960416\/SINOPEC_Logo.jpg<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Deal Will See QatarEnergy Supply 4 million tons of LNG to Sinopec Every year, and the Two Sides Carry out Integrated Cooperation on the Expansion Project of the Northern Gas Field BEIJING, Nov. 22, 2022 \/PRNewswire\/ \u2014 China Petroleum & Chemical Corporation (HKG: 0386, \u201cSinopec\u201d) and QatarEnergy\u00a0have\u00a0signed a\u00a0long-term Liquified Natural Gas (LNG) purchase and [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nSinopec and QatarEnergy Ink\u00a0Long-term LNG\u00a0Deal - Kuwait News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuwaitnewsgazette.com\/sinopec-and-qatarenergy-ink-long-term-lng-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sinopec and QatarEnergy Ink\u00a0Long-term LNG\u00a0Deal - 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