QatarEnergy, Sinopec sign ‘longest’ LNG supply agreement

QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4mn tonnes per annum (mtpa) of LNG to the People’s Republic of China. Under the terms of the SPA, the contracted LNG volumes will be supplied from QatarEnergy’s North Filed East (NFE) LNG expansion project and will be delivered to Sinopec’s receiving terminals in China. HE the Minister of State for Energy Affairs, also the President and CEO of QatarEnergy, Saad bin Sherida al-Kaabi said: “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.”

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