China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world’s largest liquefied natural gas (LNG) project and buy the fuel under long-term contracts, three people with knowledge of the matter said, Reuters reports. It would be the first such partnership between the two nations, among the world’s top LNG consumers and producers, as the Middle Eastern energy exporter shifts to expand its Asian client base. Global energy corporations used to be the main investors in Qatar’s gas industry. The Qatari supply deal will help China create a buffer against spot price volatility and diversify its imports; relations with two major suppliers, the United States and Australia, are at a low point, and another, Russia, … Continue reading Qatar advances talks over China investment in gas field