Qatar signs 27-year deal with China as LNG competition heats up

QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi, bottom row center, stands at a signing ceremony with Sinopec, in Doha, Qatar, Nov. 21, 2022. (Photo: Reuters)

DOHA, QATAR: QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals.