Sinopec snaps up first NFE LNG offtake deal with Qatar
Sinopec snaps up first NFE LNG offtake deal with Qatar
Sinopec has signed up to buy 4 million tonnes per year of LNG from QatarEnergy (QE) for 27 years.
QE will supply the volumes from its North Field East (NFE) project, delivering the supplies to Sinopec’s terminals in China.
“This is the first long-term SPA from the NFE project to be announced, and marks the longest gas supply agreement in the history of the LNG industry,” said Minister of State for Energy Saad Sherida Al-Kaabi, who is also the president and CEO of QE.
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