QatarEnergy has signed a series of deals with Chinese state energy giant CNPC affording it a slice of its giant North Field expansion development and a long-term supply deal.
The Qatari state firm announced on 20 June that CNPC is being awarded a 5% stake in one of the 8mn t/y North Field East (NFE) expansion trains – equivalent to a 1.25% stake in the broader 32mn t/y NFE project. This is the second such deal QatarEnergy has reached with a Chinese state major, following April’s deal with Sinopec for an identical 5% NFE train stake (MEES, 14 April). (CONTINUED - 854 WORDS)
