Qatar "invades" China's LNG market

A few days ago, the reporter learned from China National Petroleum Corporation (hereinafter referred to as “PetroChina”) and Shell Group that on April 10th, PetroChina, Shell, and Qatar Natural Gas Big Three jointly signed sales and purchased liquefied natural gas in Beijing (referred to as “LNG”). )protocol. Taking this opportunity, Qatar formally entered the fast-growing LNG market in China.
It is reported that at the signing ceremony were PetroChina General Manager Jiang Jiemin, Carter Deputy Prime Minister and Minister of Energy Abdullah Bin Hamad Al Atiyah, and Shell Group Executive Director and President of Gas & Power Business Unit Ms. .
The above agreement stipulates that LNG is mainly derived from the Qatar Natural Gas Phase IV project. After the project and commercial operation of LNG terminal facilities in PetroChina, 3 million tons of LNG gas will be delivered to China through the receiving terminal of PetroChina. The period is 25 years.
In this regard, Attiya said: "In the future, China will become an important Qatar customer. Let me be proud that Qatar will be able to provide cleaner energy to contribute to China's economic success, and as our natural resources Customers, China can also contribute to Qatar's success."
It is reported that Qatar natural gas phase IV liquefied natural gas project is currently under construction in Qatar. It is a cooperation project between Qatar Petroleum Corporation and Shell, in which Qatar natural gas holds 70% of the shares of the project and Shell holds the remaining 30%. It is worth noting that in the global LNG market, Shell holds the largest share of the major international energy companies.
In response, PetroChina General Manager Jiang Jiemin stated that “Qatar is the world's leading liquefied natural gas producer. The signing of this agreement with Qatar is conducive to the diversification of China’s energy supply. LNG as a clean energy source will help promote the rapid and sustainable development of the Chinese economy. Development. We look forward to establishing a long-term, mutually beneficial partnership with Qatar."
According to statistics, Qatar is the world's largest exporter of liquefied natural gas. The country plans to expand its annual production of liquefied natural gas to 77 million tons by 2010. Chinese companies had previously signed long-term supply agreements with LNG projects in Australia, Indonesia and Malaysia.
“Qatar is a giant in the LNG industry and China is growing into a huge natural gas market. Connecting long-term agreements to supply and demand will bring huge benefits to both supply and demand,” Ms. Culinda said.

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