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