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Qatar signs 15-year liquified gas deal with China 

Qatar Petroleum (QP), the world's largest oil producer, announced Tuesday that it has raised its LNG capacity from 77 million to 100 million tons a year. Qatar Petroleum Chief Executive Officer Saad Sharida Al Kaabi told a news conference in Doha on 4 July, 2017 [Mohamed Farag/Anadolu Agency]
Qatar Petroleum (QP), the world's largest oil producer [Mohamed Farag/Anadolu Agency]

Qatar Petroleum (QP) signed a long-term agreement with a subsidiary of China National Offshore Oil Corporation (CNOOC) to supply China with liquefied natural gas, S&P Global reports.

According to the report, QP reached an agreement to supply 3.5 million metric tonnes of LNG a year to China for a period of 15 years starting in January 2022.

QP relations with CNOOC date back to 2009 when the first LNG cargo was delivered to China.

Last week, Qatar announced that it will not rejoin OPEC instead focusing on developing its LNG relations with other countries.

Energy Minister Saad Bin Sherida Al-Kaabi said: "There is a reality of energy transformation in the global energy arena therefore we need to focus on alternative renewable energy sources."

READ: Qatar's OPEC decision will boost its energy independence

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