LNG contracts

vampyregirl · Heavy Crude Joined: Dec 19, 2007 Posts: 331

PetroChina has signed purchasing contracts with Royal Dutch Shell and Qatargas for the long term supply of LNG from Qatar. The Qatargas LNG project is a partnership between Shell and Qatar Petroleum.
PetroChina has agreed to buy 3 million tonnes per annum.
China has also become a contracted buyer of LNG from Shell Australia. Australia's Northwest Shelf Venture is currently under development.
China is also a major buyer of GTL and LNG from the Malaysian operation and a major spot market buyer of LNG from the Nigerian Bonga project.
The Qatargas project also has contracted buyers in the United States.