Sinopec signed a 27-year long-term purchase and sale agreement for liquefied natural gas (LNG) with Qatar

On November 21, Sinopec signed a 27-year long-term purchase and sale agreement with Qatar Energy for liquefied natural gas (LNG), which will supply Sinopec with 4 million tons of LNG
per year.
The agreement is an important part of the integration cooperation between the two parties on the expansion project of the northern gas field in Qatar and is of landmark significance
.

Sinopec Chairman Ma Yongsheng and Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs and President and CEO of Qatar Energy, signed the agreement
online.

Ma Yongsheng said that China and Qatar have friendly and close relations and natural complementarity in the energy field, which has created a good environment
for the two sides to continuously deepen cooperation.
The signing of this agreement is in line with Sinopec's tenet and requirements of green, low-carbon, safe and sustainable development, which will not only help meet the demand for natural gas in the Chinese market, but also further optimize China's energy consumption structure and improve the security, stability and reliability
of energy supply.

Al-Kaabi said we are pleased that the two sides have reached this agreement, which will further consolidate the good bilateral relationship between China and Qatar and will help meet China's growing demand
for clean energy.
Spanning different fields and lasting 27 years, this partnership is extraordinary, exciting and opens a new chapter
in our cooperation.

It is reported that the North Gas Field Capacity Expansion Project is expected to be put into operation
in 2026.
The agreement is the second LNG long-term purchase and sale agreement signed between Sinopec and Qatar Energy Company, and the first LNG long-term purchase and sale agreement
for the Qatar Northern Gas Field Expansion Project.