QatarEnergy, CNPC reach North Field supply, partnership agreements

QatarEnergy has agreed to supply China National Petroleum Corp. (CNPC) 4 million tonnes/year (tpy) of LNG from its North Field East (NFE) expansion project for a 27-year term. The two companies also signed a share sale and purchase agreement under which QatarEnergy will transfer to CNPC a 5% interest in the equivalent of one 8-million tpy NFE train (1.25% of the overall project).

QatarEnergy earlier this year made China Petrochemical Corp. (Sinopec) a project partner under similar terms (OGJ Online, Apr. 12, 2023). The two companies reached a 4-million tpy, 27-year supply agreement in 2022.

NFE will increase Qatar's annual LNG export volume to 110 million tpy from 77 million tpy by 2025. A second phase, North Field South, will further increase capacity to 126 million tpy by 2027. 

The two stages combined will add six liquefaction trains.