Energy News
OIL AND GAS
Qatar gives China share of landmark natural gas field
Qatar gives China share of landmark natural gas field
by AFP Staff Writers
Doha (AFP) April 12, 2023

Chinese oil giant Sinopec on Wednesday became the first Asian firm to get a stake in Qatar's expansion of North Field East, the Gulf country's energy company announced.

North Field contains the world's biggest natural gas reserves and extends under the Gulf into Iranian territory.

China is already the biggest customer for Qatar's liquefied natural gas and one of the world's top LNG importers.

China Petroleum and Chemical Corporation (Sinopec) signed a 27-year supply deal last year that Qatar said is the longest ever made in the natural gas industry.

With the North Field East expansion, Qatar has embarked on a $28.75 billion project that will see annual output grow from 77 million tonnes a year to 110 million by 2027, according to state-owned giant QatarEnergy.

QatarEnergy said Sinopec will get a five percent stake in the equivalent of an eight-million-tonne production complex.

QatarEnergy chief Saad Sherida Al-Kaabi, Qatar's energy minister, called it a "milestone agreement" and a new "landmark" for relations between the two countries.

France's TotalEnergies, Britain's Shell, Italy's ENI and the United States' ConocoPhillips all have bigger shares in North Field East.

QatarEnergy did not give a value for the Sinopec deal but said it "will not affect the participating interests of any of the other shareholders".

Al-Kaabi and Sinopec chairman Ma Yongsheng signed the accord on Wednesday.

"Today's event underscores QatarEnergy's commitment to deepening its relationships with key LNG consumers, while prioritising long-term strategic partnerships and alignment with world class partners from China, represented by Sinopec here today," Al-Kaabi said in a QatarEnergy statement.

Ma said the stake purchase would "enhance the security, stability, and reliability of clean energy supply. I hope that the two companies will continue to explore new LNG cooperation opportunities based on the solid foundation we have laid together."

tw/th/jsa

Shell

CONOCOPHILLIPS

Eni

QatarEnergy

SINOPEC - CHINA PETROLEUM & CHEMICAL CORPORATION

Related Links
All About Oil and Gas News at OilGasDaily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
OIL AND GAS
Kazakhstan takes global majors to court over oilfield revenues: minister
Astana, Kazakhstan (AFP) April 11, 2023
Kazakhstan on Tuesday said it had begun international arbitration court proceedings against energy majors including ExxonMobil and Shell over $16.5 billion (15.2 billion euros) in costs deducted from the revenues from two oilfields. The government "has begun international arbitration against the Karachaganak and Kashagan (operating) companies," Energy Minister Almasadam Satkaliev was quoted by the official news agency Kazinform as saying, adding that "the sums are $3.5 billion and $13 billion". ... read more

OIL AND GAS
Chinese FY-3 satellites enrich global soil moisture dataset

Scientists discover a way Earth's atmosphere cleans itself

Space-based NASA instrument to track pollution over North America

NASA, SpaceX to launch air quality sensor over North America

OIL AND GAS
Telit Cinterion adds Dual-Band GNSS Positioning to AIROHA AG3335 Chipsets

Monogoto teams with Skylo and SODAQ to deliver NB-IoT satellite asset tracking

Quectel announces CC200A-LB satellite module for IoT

Topcon further expands MC-X Platform with all-new GNSS Option

OIL AND GAS
California's beetle-killed, carbon-storing pine forests may not come back

Despite Lula's promises, deforestation still rampant in Brazil

Bold talk, slow walk as Brazil's Lula sets out to save Amazon

Why are forests turning brown in summer

OIL AND GAS
Dutch refinery to feed airlines' thirst for clean fuel

Low concentration CO2 can be reused as plastic precursor using artificial photosynthesis

Queensland biofuel refinery to turn agricultural by-products into sustainable aviation fuel

Turning vegetable oil industry waste into power

OIL AND GAS
High-efficiency sustainable solar cells for IoT devices with AI-powered energy management

Migrating ions through the perovskite layer in two dimensions

KAUST team sets world record for tandem solar cell efficiency

Microwaves advance solarcell production and recycling

OIL AND GAS
Wind farms drive away certain seabirds: study

Wind project near S.African elephant park riles activists

UK offshore staff 'want public ownership of energy firms'

Machine learning could help kites and gliders to harvest wind energy

OIL AND GAS
Campaigners lose legal challenge against new UK coal mine

Australian parliament approves emissions caps on big polluters

New deal forces Australia's worst polluters to cap emissions

US proposes new water pollution limits for coal plants

OIL AND GAS
China jails two prominent human rights lawyers for over ten years

UN rights chief 'concerned' as China jails rights lawyers

Taiwan to work with US to counter China authoritarianism

Dissident Chinese artist Ai Weiwei launches new London show

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.