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.

- Advertisements -

Most Popular

DNV: eight LNG-powered vessels ordered in September

Classification society DNV has added eight LNG-powered ships to its Alternative Fuels Insight platform in September, 13 ships less...

MET opens Singapore office as part of LNG expansion plans

Switzerland-based energy trader MET Group has set up an office in Singapore as it works to expand its liquefied...

PetroVietnam Gas says to launch Thi Vai LNG import terminal in October

PetroVietnam Gas, a unit of state-owned PetroVietnam, said it will officially launch its Thi Vai LNG import terminal, the...

More News Like This

QatarEnergy officially starts work on giant LNG expansion project

State-owned LNG giant QatarEnergy has officially started building its North Field expansion project, which will raise Qatar's LNG production...

QatarEnergy, HD Hyundai Heavy ink $3.9 billion deal for 17 LNG carriers

LNG giant QatarEnergy has signed a shipbuilding deal worth about $3.9 billion with South Korea's HD Hyundai Heavy Industries...

QatarEnergy and ExxonMobil provide update on Golden Pass LNG construction

QatarEnergy and ExxonMobil released the latest construction update for their giant Golden Pass LNG export plant on the US...

Worley bags carbon capture gig from QatarEnergy LNG

Australian engineering firm Worley has secured a contract from QatarEnergy LNG, previously known as Qatargas, to provide front-end engineering...