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CHINA’S Sinopec signed a long-term deal for supplies of liquefied natural gas (LNG) from Qatar, as the world’s second-biggest economy looks to bolster its energy security in the coming decades.
State producer Qatar Energy will send Sinopec four million tonnes of LNG a year starting in 2026, the companies announced in a virtual ceremony on Monday (Nov 21). The deal will last for 27 years, making it China’s longest LNG supply agreement to date, data from BloombergNEF showed. It is also one of the country’s biggest agreements.