QatarEnergy signs LNG deal with Chinese Sinopec
QatarEnergy signs LNG deal with Chinese Sinopec
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Natural Gas News
QatarEnergy signs LNG deal with Chinese Sinopec
Summary
The deal will see QatarEnergy supply 3mn tonnes/year of LNG to Sinopec from the North Field South (NFS) expansion project. [Image: QatarEnergy] by: Shardul Sharma
QatarEnergy, the state-owned LNG producer of Qatar, has signed a 27-year LNG supply agreement with China's state-owned energy giant Sinopec, it announced on November 4. The de...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.