QatarEnergy inks another deal to supply LNG to China

LNG giant QatarEnergy said it has entered into a 15-year deal to supply LNG to China’s S&T International.

Under the sales and purchase agreement, QatarEnergy would deliver one million tons per year of LNG to S&T International Natural Gas Trading starting in late 2022, according to a statement on Wednesday.

QatarEnergy said its LNG producing affiliate, Qatar Liquified Gas Company Limited (2) or Qatargas 2, had signed the deal.

LNG deliveries under the new agreement would utilize Qatar’s fleet of conventional, Q-Flex but also Q-Max LNG vessels allowing S&T to receive the LNG quantities primarily at the Tangshan receiving terminal, it said.

S&T International Natural Gas Trading is a unit of China Suntien Green Energy which is building an LNG import terminal at Caofeidian in Tangshan city.

“We are pleased to welcome S&T into our family of long-term LNG customers and we are excited to work with them to help fulfil their long-term LNG requirements,” Qatar’s energy minister and chief executive of QP, Saad Sherida Al-Kaabi, said.

Nine LNG deals

This new deal follows a contract QatarEnergy revealed earlier this week with Chinese state-owned utility Guangdong Energy.

It also marks the ninth long-term deal QatarEnergy has signed since February this year. This includes a deal with China’s CNOOC, Shell, and Sinopec.

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

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

Baker Hughes to buy Chart in $13.6 billion deal

US energy services firm Baker Hughes has entered into a definitive deal to buy compatriot LNG equipment maker Chart Industries. The transaction is worth $13.6 billion.

Adnoc L&S sells two steam LNG carriers for scrap

UAE’s Adnoc L&S, a unit of state-owned energy giant Adnoc, has sold two steam liquefied natural gas (LNG) carriers for scrap, according to brokers.

More News Like This

Knutsen takes delivery of QatarEnergy LNG carrier

Norwegian shipowner Knutsen has taken delivery of another 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

Golden Pass LNG gets new FERC approval as commissioning progresses

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is moving forward with commissioning activities at its two-train LNG plant in Texas with a new approval from the US FERC.

QatarEnergy LNG carrier wraps up trials in China

A 174,000-cubic-meter liquefied natural gas (LNG) carrier, built as part of QatarEnergy's massive shipbuilding program, has completed its trials in China, according to Hudong-Zhonghua.

Santos inks LNG supply deal with QatarEnergy’s trading unit

Australian LNG player Santos has signed a mid-term LNG supply deal with QatarEnergy Trading, a unit of state-owned LNG giant QatarEnergy.