BEIJING: State-owned Chinese firm Sinopec signed a new 27-year liquefied natural gas (LNG) supply and purchase agreement with Qatar­Energy, the two companies said on Saturday.

Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state’s North Field expansion project, which will supply 3 million tonnes of LNG per year to Sinopec.

An agreement was also signed under which QatarEnergy will transfer a 5pc interest to Sinopec in a joint venture company that owns the equivalent of 6 million tonnes per year of LNG production capacity in the North Field South project.

Published in Dawn, November 5th, 2023

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

A year later
Updated 08 Feb, 2025

A year later

A war of egos has been fought between a handful of individuals at the cost of the well-being of millions of ordinary Pakistanis.
Wheat decision
08 Feb, 2025

Wheat decision

THE federal decision to stop setting the minimum support price for wheat and cease the staple’s procurement...
Dhanmondi attack
08 Feb, 2025

Dhanmondi attack

HISTORY has shown that unless states deliver development and equal rights to all, disenfranchised people can target...
Depopulating Gaza
Updated 07 Feb, 2025

Depopulating Gaza

The least feasible "solution" is the Trumpian plan for Gaza’s ethnic cleansing and occupation, which is a non-starter.
‘Pause’ in US aid
07 Feb, 2025

‘Pause’ in US aid

THE impact of the Trump administration’s decision to ‘pause’ all US foreign aid programmes, especially those...
Mobilising opposition
07 Feb, 2025

Mobilising opposition

POLITICS makes strange bedfellows. There has not, for quite some time, been a guest list as intriguing as the one...