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QatarEnergy has announced the signing of a partnership deal with China Petrochemical Corporation (Sinopec) regarding the North Field South (NFS) expansion project. Under the terms of the partnership deal, QatarEnergy will allocate a 5% stake to Sinopec within a joint venture entity that holds LNG production capacity of approximately 6 million tons per annum (MTPA) as part of the NFS project. The current partnership marks the second collaboration between QatarEnergy and Sinopec, following a previous agreement signed in Doha last April. This earlier agreement marked Sinopec's entry as a shareholder in a joint venture company of the North Field East (NFE) project, which stands as one of the most pivotal projects within the global LNG industry.

QatarEnergy and Sinopen sign historic North Field South partnership and 27-year LNG supply agreement

QatarEnergy has announced the signing of a partnership deal with China Petrochemical Corporation (Sinopec) regarding the North Field South (NFS) expansion project. Under the terms of the partnership deal, QatarEnergy will allocate a 5% stake to Sinopec within a joint venture entity that holds LNG production capacity of approximately 6 million tons per annum (MTPA) as part of the NFS project. The current partnership marks the second collaboration between QatarEnergy and Sinopec, following a previous agreement signed in Doha last April. This earlier agreement marked Sinopec’s entry as a shareholder in a joint venture company of the North Field East (NFE) project, which stands as one of the most pivotal projects within the global LNG industry.

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