Sinopec gets first LNG under new Qatari deal
China's state-owned Sinopec reported on January 19 that it had received its first cargo of LNG under a new supply deal with Qatar Energy.
Sinopec reached an agreement to take 2mn metric tons/year of LNG from QatarEnergy over a ten-year period in March 2021, representing its first long-term contract for Qatari gas. The 94,000-mt cargo was delivered on the Al Sahla tanker to Sinopec's terminal in Tianjin.
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China is now the bigger LNG importer in the world, with shipments to the country in 2021 hitting a record 78.9mn mt in 2021, up 18.3% year on year.