The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.
Under the agreement, the two firms will cooperate on the second phase of the North Field gas project, which will supply 3 million metric tons of LNG per year to Sinopec.
The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between Sinopec and Qatar Energy, the world's top LNG supplier.
The two parties signed a 10-year LNG purchase and sales agreement in 2021, followed by a 27-year deal last year.
The North Field is part of the world's largest gas field which Qatar shares with Iran, which calls its share South Pars.
Persons:
Chris Helgren, Jason Xue, Dominique Patton, Jason Neely
Organizations:
China Petroleum & Chemical Corporation, REUTERS, Rights, China Petroleum & Chemical Corp, BEIJING, Qatar Energy, China, Qatar, Pars, Thomson
Locations:
Vancouver , British Columbia, Canada, Shanghai, Sinopec, Iran