Qatar and China seal 22-year LNG deal
Qatar Qatar, an OPEC member, is the world’s foremost exporter of LNG.
Under the deal, Qatargas will this month begin supplying around 3.4 million tonnes per year of LNG to the Chinese company via terminals across China.
PetroChina International Company is a unit of PetroChina, an arm of state giant China National Petroleum Corporation that produces and distributes oil and gas.
LNG will by supplied from the two-train Qatargas 2 project, which produces 15.6 million tonnes per year. The project is a venture of Qatar Petroleum, ExxonMobil and Total.
The deal comes as China is stepping up its LNG imports as part of efforts to combat air pollution.
Recent Posts
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium wins yet more FPSO work in Guyana
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore seals $350-million Gulf of Mexico deal
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More