Qatar signs 27-year LNG deal with Taiwan's CPC

06 June, 2024
Source: IranOilGas.com

QatarEnergy signed a deal on Wednesday to supply Taiwan’s state-owned oil firm CPC with liquefied natural gas (LNG) for 27 years and giving it a stake in Qatar’s gas expansion project.

The state-owned Qatari firm said that it will supply CPC with 4 million tons per annum (mtpa) of LNG from the North Field East, the eastern expansion of the project.

CPC will also take an equity stake in that part of the project, QatarEnergy’s statement said.

The stake is the equivalent of 5% of one LNG train with capacity of 8 million metric tons a year.

“This transfer will see CPC become a partner in the NFE project without affecting the participating interests of any of the other shareholders,” QatarEnergy said in statement.

 

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