QatarEnergy pens long-term LNG supply deal with China’s Guangdong Energy

LNG giant QatarEnergy said it has entered into a 10-year deal to supply LNG to Chinese state-owned utility Guangdong Energy.

Under the sales and purchase agreement, QP would deliver one million tons per year of LNG to Guangdong Energy Group Natural Gas starting in 2024, according to a statement on Monday.

Deliveries of LNG under the deal would utilize Qatar’s fleet of conventional, Q-Flex and Q-Max LNG vessels, allowing GEG to receive LNG primarily at the Dapeng and Zhuhai receiving terminals, QatarEnergy said.​

This marks the eighth long-term deal QatarEnergy has signed since February this year. Prior to this contract, the firm entered into a 15-year deal to supply LNG to a unit of China’s CNOOC.

These new LNG supply contracts come after QatarEnergy announced a final investment decision on its $28.75 billion North Field East project earlier this year.

Under the project, QatarEnergy will build four mega trains with a capacity of 8 million tonnes per year in the Ras Laffan complex.

This first phase of the expansion project will increase Qatar’s LNG production capacity from 77 to 110 mtpa.

QatarEnergy also plans a second phase to further boost capacity to total 126 mtpa by 2027, as well as additional expansions.

The company’s unit Qatargas already operates in total fourteen LNG trains at Ras Laffan.

Most Popular

Shell’s LNG Canada achieves first LNG

LNG giant Shell has started production at the first liquefaction train at its LNG Canada export terminal in Kitimat, an LNG Canada spokesperson told LNG Prime on Sunday.

Golar progresses FLNG growth plans

Golar LNG said it had signed a final engineering study to confirm EPC price and delivery for a 5 mtpa MKIII FLNG.

Freeport seeks more time to build fourth LNG train

Freeport LNG has requested additional time from the US Federal Energy Regulatory Commission (FERC) to construct and place in service the planned fourth liquefaction train at its export plant in Texas.

More News Like This

Golden Pass LNG construction continues to advance

Energy giants QatarEnergy and ExxonMobil, along with their contractors, continue to advance construction on their massive Golden Pass LNG export facility in Texas.

QatarEnergy eyes major LNG trading expansion

State-owned LNG giant QatarEnergy aims to increase trading of non-Qatari physical LNG volumes to 30 to 40 million tons by 2030, according to Qatar’s energy minister and chief executive of QatarEneergy, Saad Sherida Al-Kaabi.

China’s Hudong-Zhonghua delivers its 50th LNG carrier

Chinese shipbuilder Hudong-Zhonghua has delivered its 50th liquefied natural gas (LNG) carrier.

ExxonMobil CEO expects Golden Pass LNG launch by end of this year

ExxonMobil CEO Darren Woods expects the QatarEnergy-led Golden Pass LNG export project in Texas to produce first LNG volumes by the end of this year. Separately, Golden Pass LNG is also seeking approval from the US FERC to increase peak workforce up to 10,300.