Qatargas increases China LNG supply
Qatargas will supply increased amounts of LNG to PetroChina and CNOOC
Qatargas has signed an MOU with China National Offshore Oil Company (CNOOC) for additional long-term supplies of LNG to China.
Under the terms of the agreement, Qatargas will supply an additional 3 million tonnes of LNG each year to CNOOC, commencing 2013.
"I am extremely excited that we are able to announce the strengthening of our relationship with CNOOC on the same day we have celebrated the opening of our representative office in the People's Republic of China,” Faisal Al Suwaidi, chairman and chief executive officer of Qatargas, said.
"Only last month we celebrated the arrival of Qatari LNG to China with CNOOC at an unloading ceremony held at the Dapeng Terminal, Guangdong Province,” he added.
Meanwhile, Qatargas has also announced it will increase the amount of LNG being supplied to PetroChina. The new volumes agreed by the company will increase the total LNG delivered to PetroChina from Qatargas to 5 million tonnes per annum.