The state-owned Chinese gas giant will take a 5% stake in the equivalent of one North Field East LNG train with a capacity of 8 million tonnes per year, a QatarEnergy statement said
China’s Sinopec will take a stake in the eastern expansion of Qatar’s North Field liquefied natural gas project, state energy company QatarEnergy said on Wednesday.
QatarEnergy had said previously that it could give up to 5 per cent stakes in its North Field expansion to what Saad al-Kaabi, the Gulf state’s energy minister and CEO of QatarEnergy, described as “value-added partners.”Last November Sinopec signed a deal in which QatarEnergy agreed to supply 4 million tonnes of LNG annually for 27 years – the longest LNG contract signed by Qatar.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
G7 climate ministers drop language on growing LNG demand in draftA previous draft communique for this week’s meeting of G7 climate change and energy ministers had said ‘demand for LNG will continue to grow’
Read more »
Diane Francis: Trudeau's lost LNG opportunityNew Brunswick Premier Blaine Higgs said the province could supply LNG to the world in three years if only Justin Trudeau would help. Read on
Read more »
Toronto’s BMO Field named one of 15 host stadiums for CONCACAF Gold CupToronto’s BMO Field chosen as Gold Cup venue
Read more »
Four Island players named to Canada U-18 field hockey team and headed to UVic VikesThey will play exhibitions series in France
Read more »
Ottawa firm develops cutting-edge radar technology to defend North AmericaD\u002DTA Systems Inc. has already briefed U.S. military officials twice about its over\u002Dthe\u002Dhorizon radar technology.
Read more »
North Korean leader vows 'offensive' nuclear expansionNorth Korean leader Kim Jong Un vowed to enhance his nuclear arsenal in more 'practical and offensive' ways as he met with senior military officials to discuss the country's war preparations in the face of his rivals' 'frantic' military exercises, state media said Tuesday.
Read more »