Sinopec enters 10-year deal to buy liquefied natural gas from Qatar

China Petroleum & Chemical Corp has signed a long-term purchase and sales agreement with Qatar Petroleum to purchase 2 million tons of liquefied natural gas every year for a term of 10 years.

Qatar Petroleum is the national oil corporation of Qatar.

“We look forward to further cooperation with Qatar Petroleum in the future. Sinopec has always advocated for the development of green and clean energy and the long-term [liquefied natural gas] supply agreement will not only meet the needs of the Chinese market, but will also demonstrate Sinopec’s commitment to a low-carbon, green, safe, responsible and sustainable development path,” Zhang Yuzhuo, chairman of Sinopec, said.

Source: GNA