China’s Sinopec, QatarEnergy Sign 27-Year LNG Supply Deal

China Petroleum & Chemical Corporation signed a 27-year liquefied natural gas deal with QatarEnergy.

Photographer: Karim Jaafar/Getty Images
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China agreed on another decades-long liquefied natural gas deal with Qatar in a further move to safeguard its energy security.

China Petroleum & Chemical Corporation signed a 27-year liquefied natural gas deal with QatarEnergy, the Gulf company said on Saturday. The move adds to the Gulf nation’s recent flurry of new contracts from both Europe and Asia.