• Natural Gas News

    Sinopec gets first LNG under new Qatari deal

Summary

It represents Sinopec's first long-term agreement for Qatari gas.

by: Joseph Murphy

Posted in:

Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), News By Country, China

Sinopec gets first LNG under new Qatari deal

China's state-owned Sinopec reported on January 19 that it had received its first cargo of LNG under a new supply deal with Qatar Energy.

Sinopec reached an agreement to take 2mn metric tons/year of LNG from QatarEnergy over a ten-year period in March 2021, representing its first long-term contract for Qatari gas. The 94,000-mt cargo was delivered on the Al Sahla tanker to Sinopec's terminal in Tianjin.

 China is now the bigger LNG importer in the world, with shipments to the country in 2021 hitting a record 78.9mn mt in 2021, up 18.3% year on year.