QATAR has agreed to supply China's Sinopec with natural gas for 27 years, the Gulf emirate's state-owned energy company said, its second such deal with the firm as China seeks to enhance its energy security, reports Hong Kong's South China Morning Post.
Doha will supply three million tonnes of gas a year under the deal, QatarEnergy said, announcing another agreement, which grants the Chinese oil giant a further share of Qatar's North Field gas expansion project.
The expansion, which broke ground last month, contains the world's biggest natural gas reserves and extends under the Gulf into Iranian territory.
Under the deal signed in Shanghai, QatarEnergy will give Sinopec a five per cent interest in a joint venture with an annual six million-tonne capacity in the second phase of the expansion, North Field South.
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