Qatar Energy yesterday said it had signed a long-term sale and purchase agreement with China’s S&T International for Natural Gas Trading, to supply the latter one million tonnes of Liquefied Natural Gas (LNG) for 15 years.
The 15-year supply agreement will go into effect in late 2022.
Qatar’s Minister of State for Energy Affairs and Deputy Chairman of Qatar Energy, Saad Sherida Al-Kaabi said the agreement marked an “expansion of our customer base in the People’s Republic of China, which can count on Qatar as a trusted and reliable energy partner.”
“We are pleased to welcome S&T into our family of long-term LNG customers and we are excited to work with them to help fulfil their long-term LNG requirements,” Al-Kaabi added.
Under the agreement, the LNG cargoes will be delivered via Qatar’s fleet of LNG vessels, adding that S&T would receive the LNG shipments primarily at the Tangshan LNG Receiving Terminal.
The deal comes two days after the announcement of a similar agreement between Qatar Energy and GuangDong Group to supply China with about one million tonnes of liquefied gas per annum for a period of ten years, starting from early 2024.