Qatargas inks 22-year LNG supply deal with PetroChina

Qatargas inks 22-year LNG supply deal with PetroChina

Qatargas has entered into an agreement on a 22-year LNG supply deal with PetroChina to supply around 3.4m tonnes of LNG to the latter annually.

According to Qatargas, it will supply LNG from the Qatargas 2 project, which is jointly developed by Qatar Petroleum, Exxon Mobil Corp and Total, to receiving terminals across China, with the first cargo to be delivered this month.

The company will utilise its Q-Flex and Q-Max LNG carriers to deliver the LNG to multiple terminals including Dalian, Jiangsu, Tangshan and Shenzhen.

China is increasing its imports of LNG as part of its clean power strategy. Last year, China imported a record 38.1m tonnes of LNG, up 46% year-on-year.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts