Qatar Petroleum has won a major long-term sale and purchase agreement (SPA) with China’s CNOOC Gas and Power Trading& Marketing Limited to supply the company with 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG), a press release issued by the Qatar Petroleum announced.
The 15-year SPA contract will start on January 2022. Its signatories include Qatari Minister of State for Energy Affairs and the President & CEO of Qatar Petroleum Saad Sherida Al-Kaabi and CNOOC’s Chairman Wang Dongjin
In this regard, Al-Kaabi said, “we are pleased to further build upon our strong relationship with CNOOC with the signing of this new long-term LNG supply agreement. We are especially proud to continue to meet the People’s Republic of China’s growing need for cleaner energy that LNG provides, and are thankful to CNOOC for partnering with us as their trusted LNG supplier.”