Under the latest deal, Qatar is set to supply China with 4 million tons of LNG per year over the course of 27 years.
- Jun 28, 2023, 5:00 PM CDT
The latest deal involves two parts. The first is a 27-year agreement for Qatar – the world’s largest exporter of LNG – to supply China with 4 million tons of LNG per year. The second is an agreement for CNPC to also take a 5 percent equity stake of one LNG train of QatarEnergy’s North Field Expansion gas project. On the first part, as also , from just over one year before Russia’s invasion of Ukraine, China had been engaged in a flurry of activity to expand its sources and methods of gas supply.
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