China National Petroleum Corp is close to finalizing a deal to buy liquefied natural gas from QatarEnergy’s North Field expansion project for over 30 years. If sealed, this would be the second such deal between major LNG exporter Qatar and China, the world's second-highest LNG buyer, as Beijing looks to beef up gas supply and diversify its sources in a drive to replace coal and cut carbon emissions.

China’s CNPC set to seal Qatari LNG deal

Posted On: March 7, 2023

< 1 minute read

China National Petroleum Corp is close to finalizing a deal to buy liquefied natural gas from QatarEnergy’s North Field expansion project for over 30 years. If sealed, this would be the second such deal between major LNG exporter Qatar and China, the world’s second-highest LNG buyer, as Beijing looks to beef up gas supply and diversify its sources in a drive to replace coal and cut carbon emissions.