(MENAFN- AzerNews) By News Center
The longest-term natural gas deal in history was signed between
Qatar and China. With the 27-year-long agreement, signed between
Qatar Energy and China Petroleum and Chemical Company (Sinopec),
the Gulf state will send 4 million tons of LNG to Beijing
annually.
Saad Sherida al-Kaabi, Qatar's energy minister and CEO of Qatar
Energy, described the agreement as 'the longest-term supply
agreement signed in the history of the LNG industry'. The gas to be
sent to China will be met from the North Field, whose production
will increase by 60 percent to 126 million tons annually by
2027.
East Asian countries, China, South Korea, and Japan stand out as
the main markets for Qatar gas. The giant LNG agreement signed
between Doha and Beijing was a big blow to the European Union,
which was looking for an alternative to Russian gas. In the past
months, EU President Charles Michel held talks in the Gulf nation,
especially in Qatar, but did not reach a conclusion. It is known
that the recent statements of European countries targeting Arab
countries have caused reactions by the Gulf nations.
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Tags: china qatar sinopec turkiye
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