According to Bloomberg article published on April 12, 2023, Chinese oil giant Sinopec has agreed to buy a stake in a liquefied natural gas project in Qatar, Qatar Energy Chief Executive Officer Saad Al-Kaabi said at a ceremony in Doha on Wednesday.
Sinopec will take a 5% stake in a train, with a processing capacity of 8 million tons a year, that’s part of the North Field East LNG export project.
ConocoPhillips, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Eni SpA are also investors in North Field East, which will increase Qatar’s LNG export capacity to 110 million tons a year from 77 million tons.
The facility is currently under construction and is scheduled to send out its first shipment in 2026.
