QP announce long-term sale and purchase agreement with CNOOC

Qatar Petroleum said it entered into a long-term sale and purchase agreement (SPA) with CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), for the supply of 3.5 million tons per annum (MTPA) of LNG over 15-year period starting January 2022.

"As of August 2021, Qatar has delivered a total of 715 LNG cargoes to China, of which 270 cargoes (more than 24 million tons of LNG) were delivered to CNOOC," said a statement sent by the company.

Qatar first supplied CNOOC with LNG cargo since September 2009.