The Real Ramifications Of China's LNG Deal With Qatar

Last week’s signing of a 10-year purchase and sales agreement by the China Petroleum & Chemical Corp. (Sinopec) and Qatar Petroleum (QP) for 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) shifts the Emirate even more decisively into the Iran-China-Russia sphere of influence. This deal brings together the world’s top LNG exporter with one of the world’s top holders of gas reserves, both of which were founding members of the now 11-member Gas Exporting Countries Forum (GECF) together with Russia. The deal also…