PetroChina negotiating Qatari LNG volumes

PetroChina negotiating Qatari LNG volumes
Illustration only. Image source: Pixabay under CC0 Creative Commons license.

State-owned PetroChina stepped up its efforts to secure liquefied natural gas supplies as China continues its quest to switch from coal use to natural gas. 

Citing sources close to the matter, Reuters reports PetroChina is in an advanced stage of talks with Qatar to secure LNG supply on short- and long-term deals.

With the agreements, China, that has already surpassed South Korea as the world’s second largest LNG importer, could leverage Qatar’s planned capacity expansion.

Under one of the discussed deals, PetroChina would be receiving several million tons of LNG per year through to 2022 with the start of deliveries expected this year.

One of the deals would have a longer-term although no details have been disclosed.

China’s imports of liquefied natural gas (LNG) surged 46 percent to 38.13 million tons in 2017, passing South Korea and is expected to continue its growth and hit 87 million tons of annual LNG imports by 2020.

Qatar’s expansion plans, on the other hand, will see the world’s largest LNG producer bump its export capacity to 100 million tons from the current 77 mtpa.


LNG World News Staff

Share this article

Follow LNG World News


<< Feb 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year from 19-20 February 2019 in Tokyo, Japan…

read more >


LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >