China National Petroleum Corp (CNPC) is close to finalizing an agreement to purchase liquefied natural gas (LNG) from QatarEnergy for up to 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter said.
The talks between CNPC and QatarEnergy follow an agreement revealed by China's Sinopec in November in which QatarEnergy promised to deliver 4 million tonnes of LNG yearly for 27 years, the longest duration LNG supply contract ever signed by Qatar.
