Qatargas has entered a 22-year sale and purchase agreement (SPA) with PetroChina International Company for the supply of liquefied natural gas (LNG).
Qatargas will supply approximately 3.4Mt of LNG a year to different receiving terminals located across China from its Qatargas 2 project up to 2040. The first shipment of gas was planned to be delivered this month.
Qatargas is an LNG subsidiary of Qatar Petroleum, while PetroChina International is an oil and gas company and a subsidiary of PetroChina Company.
The transaction will enable Qatargas to bolster the energy security worldwide, particularly in Asia, and promote LNG supplies to China to meet the country’s increasing energy demand.
Lukoil Mid-East has awarded a project support services contract to SNC-Lavalin under a framework agreement for the second phase development of the West Qurna oil field in Iraq.
SNC-Lavalin will provide engineering, design, and project support services for the development of the oil field. The contract also includes training and professional development of local Iraqi workers.