2022-11-23 10:20:00
QATAR LNG FOR CHINA
E - 22 Nov 2022 - QatarEnergy has signed a 27-year Sale and Purchase Agreement (SPA) with the Chinese state-owned oil and gas company Sinopec for the supply of 4 Mt/year (5.5 bcm/year) of LNG to China. The contracted LNG volumes will be supplied from QatarEnergy’s 32 Mt/year (44 bcm/year) North Filed East (NFE) LNG project, which is located in the Persian Gulf north of Qatar, and will be delivered to Sinopec’s receiving terminals in China.
This agreement is the second LNG SPA between QatarEnergy and Sinopec, following the 10-year SPA signed in March 2021 for the supply of 2 Mt/year (2.8 bcm/year) to China.
In June and July 2022, QatarEnergy selected five companies to join the NFE LNG project as partners, including France’s TotalEnergies, Italy’s Eni, the UK’s Shell, as well as the USA’s Exxon Mobil and ConocoPhillips.
As of end-2021, Qatar had the world’s third largest gas reserves with 23,800 bcm, behind Russia and Iran.
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Earlier:
2022, November, 21, 11:10:00
RUSSIA'S, QATAR ENERGY COOPERATION
They reaffirmed mutual interest in continuing close coordination in the energy sector to ensure the necessary balance and stability in the global gas market, among other things.
2022, November, 14, 13:05:00
LNG PRICES WILL BE HIGH
Gas prices soared this year tracking the Russia-Ukraine war. But even if there was some peace settlement or an agreement with Ukraine, non-Russian gas will likely continue to attract a premium
2022, October, 25, 14:35:00
RUSSIAN LNG, COAL FOR CHINA
Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year and 1.9 million tons in August, according to Chinese customs data.
2022, October, 24, 12:00:00
SHELL, QATAR LNG INVESTMENT $1.5 BLN
Qatar is carrying out another expansion plan, North Field East, which will cost almost $30 billion and is set to send out its first shipments in 2026. Some supply agreements have already been finalized for that project, Kaabi said.
2022, September, 30, 09:40:00
JAPAN NEED LNG
Japan wants to avoid an energy crunch by offering financial support before winter, when heating demand is expected to increase. Spot LNG prices remain at high levels amid a risk of supply disruption from Russia given its war with Ukraine.
2022, September, 22, 16:20:00
GERMANY'S LNG TERMINAL
Deutsche ReGas has started building a 4.5 bcm/year LNG import terminal, named Deutsche Ostee, in Lubmin in the northeast of Germany.
2022, September, 5, 14:20:00
RUSSIAN LNG FOR CHINA UP
China imported six LNG cargoes of about 71,000 mt each from Russia's Yamal LNG terminal and three cargoes of about 62,000 mt each from the Sakhalin LNG terminal,
