Suntien Green Energy, a company of China, is set to sign a 15-year sale and buy agreement with Qatar for one million tonnes per year (mpty) of liquefied natural gas (LNG).
S&T International Natural Gas Trading and Qatargas, a subsidiary of QatarEnergy (QE), have agreed to provide LNG over a 15-year term beginning in late 2022 or early 2023.
The arrangement comes after QE inked a 10-year LNG deal with China’s Guangdong Energy Group Natural Gas, which would see one million tonnes of LNG delivered every year starting in 2024.
At least 10 Chinese enterprises have inked more than a dozen long-term contracts with offshore suppliers this year, including national oil corporations, private LNG importers, and gas distributors.
China Suntien Green Energy is a government-owned natural gas distributor and wind energy generator situated in China’s northern Hebei province, and it is currently constructing an LNG facility in Tangshan.
The facility will be completed in three phases and will have a total LNG handling capacity of 12 million tonnes per annum. By the end of 2022, the first phase should be operational.
The project entails the construction of two docks capable of receiving LNG carriers ranging in size from 80,000 to 266,000 cubic meters, as well as 20 LNG storage tanks each having a capacity of 200,000 cubic meters.