Sinopec Acquires 1.25% Stake in Qatar’s North Field East LNG

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Credit: zhao chen/Unsplash

Sinopec, the Chinese state-owned oil and gas company, said on its official social media account that it had signed a shareholder agreement with QatarEnergy in Doha on April 12 to purchase a 1.25% stake in the North Field East expansion project, as reported by S&P Global.

LNG expansion project

China’s Sinopec has acquired a 1.25% stake in Qatar’s North Field East LNG expansion project, which will add 32 million mt/year of capacity. The stake comes from a 5% interest in...

https://mfame.guru/sinopec-acquires-1-25-stake-in-qatars-north-field-east-lng/

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