Qatar Petroleum has agreed to supply 3.5 million tonnes per annum (MTPA) of LNG to CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), over a 15-year period beginning in January 2022.

His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of Qatar Petroleum, and Wang Dongjin, Chairman of CNOOC, signed the SPA in a virtual ceremony.

Minister Al-Kaabi said: “We are pleased to further build upon our strong relationship with CNOOC with the signing of this new long-term LNG supply agreement. We are especially proud to continue to meet the People’s Republic of China’s growing need for cleaner energy that LNG provides, and are thankful to CNOOC for partnering with us as their trusted LNG supplier.”

Concluding his speech, he thanked the Prime Minister of Qatar, Sheikh Khalid bin Khalifa Al Thani, and the teams from both sides for the successful conclusion of this new long-term LNG supply agreement with CNOOC.

CNOOC and Qatar have been working together since September 2009, when the first LNG cargo was delivered to CNOOC in China.