Qatargas Operating Company Ltd. (Qatargas) has signed a Memorandum of Understanding (MOU) with the China National Offshore Oil Company (CNOOC) for additional long-term supplies of LNG to the People’s Republic.
Under the terms of the MOU, Qatargas intends to supply an additional three million tonnes of LNG per annum to CNOOC commencing in 2013.
In addition to this base volume, Qatargas and CNOOC will contemplate the sale and purchase of an additional two million tonnes per annum of LNG.
His Excellency Abdullah Bin Hamad Al-Attiyah, Deputy Prime Minister of The State of Qatar and the Minister of Energy and Industry, was in Beijing to attend the opening of Qatargas’ Representative Office in the People’s Republic of China and witnessed the signing of the MOU by Mr. Fu Chengyu, President of CNOOC, and Mr. Faisal M. Al Suwaidi, Chairman and CEO of Qatargas.
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