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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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