QP signs pact to supply 3.5mtpa LNG to China's CNOOC
September 29 2021 07:41 PM
QP signs pact to supply 3.5mtpa LNG to China's CNOOC
The SPA was signed during a virtual ceremony by HE the Minister of State for Energy Affairs, President and CEO of Qatar Petroleum Saad Sherida Al Kaabi, and Chairman of CNOOC Wang Dongjin.

QNA/Doha

Qatar Petroleum entered into a long-term sale and purchase agreement (SPA) with CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), for the supply of 3.5 million tons per annum (MTPA) of LNG over a 15-year period starting January 2022.

The SPA was signed during a virtual ceremony by HE the Minister of State for Energy Affairs, President and CEO of Qatar Petroleum Saad Sherida Al Kaabi, and Chairman of CNOOC Wang Dongjin.

Commenting on this occasion, HE Al Kaabi said, "We are pleased to further build upon our strong relationship with CNOOC with the signing of this new long-term LNG supply agreement. We are especially proud to continue to meet the Peoples Republic of Chinas growing need for cleaner energy that LNG provides, and are thankful to CNOOC for partnering with us as their trusted LNG supplier."

HE Al Kaabi concluded his remarks by thanking HE the CEO of Qatargas Sheikh Khalid bin Khalifa Al-Thani, and the teams from both sides for the successful conclusion of this new long-term LNG supply agreement with CNOOC.

Qatars relationship with CNOOC extends back to September 2009 when the first LNG cargo was delivered to CNOOC in China.

As of August 2021, Qatar has delivered a total of 715 LNG cargoes to China, of which 270 cargoes (more than 24 million tons of LNG) were delivered to CNOOC.



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