China's CNPC set to seal mega Qatari LNG deal | Reuters News Agency

China’s CNPC set to seal mega Qatari LNG deal

Reuters was first to report that China National Petroleum Corp (CNPC) is near to finalizing a deal to buy liquefied natural gas (LNG) from QatarEnergy. If sealed, this would be the second such deal between major LNG exporter Qatar and the world’s second biggest LNG buyer, as Beijing looks to beef up gas supply and diversify its sources in a drive to replace coal and cut carbon emissions. 

Market Impact

Chinese customs data showed the country’s imports of Qatari LNG surged 75% last year from 2021 to 15.7 million tonnes, making up a quarter of the nation’s total imports, while China’s total LNG imports shrank nearly 20%.

Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: ChinaQatar
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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