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Qatar signed world’s ‘longest’ gas supply deal with China

QatarEnergy announced a 27-year natural gas supply deal with China, calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources. The state energy company will send four million tonnes of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical Corporation (Sinopec).

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Asian countries led by China, Japan and South Korea are the main market for Qatar’s gas, which is increasingly being sought by European countries since Russia’s invasion of Ukraine. Negotiations with European countries have struggled as Germany and others baulked at signing the type of long-term deals made with Asian nations. North Field is at the centre of Qatar’s expansion of its liquefied natural gas production by more than 60 percent to 126 million tonnes a year by 2027.

China is the first country to seal a deal for North Field East. The Chinese company’s chairman revealed it had also requested a full share of the North Field South project that is dominated by Western energy giants.

Important takeaways for all competitive exams: 

  • Qatar Capital: Doha;
  • Qatar Currency: Qatari Riyal;
  • Prime Minister of Qatar: Sheikh Khalid bin Khalifa bin Abdelaziz Al Thani.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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