SINGAPORE/LONDON : China National Petroleum Corp (CNPC) is close to finalising a deal to buy liquefied natural gas (LNG) from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter said. If sealed, this would be
SINGAPORE/LONDON : China National Petroleum Corp is close to finalising a deal to buy liquefied natural gas from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter said.
"CNPC has agreed on the major terms with Qatar in a deal that will be very similar to Sinopec's," said a Beijing-based state-oil official who declined to be named as he is not authorised to speak to the media.Sinopec said in November the gas purchase agreement was part of an"integrated partnership", which indicated the Chinese firm could be considering acquiring a stake in Qatar's North Field expansion export facility.
Kaabi has said the state energy company is negotiating supply deals with many potential buyers and they would be announced when agreements are reached.
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