According to two industry sources with knowledge of the matter, China’s state-owned oil and gas producer Sinopec Corp. has awarded Qatargas a 10-year tender to purchase 1 mtpa of liquefied natural gas (LNG).
The gas will be delivered on an ex-ship basis with prices at a slope of 10.19% to Brent crude, according to one source.
Previously, Sinopec issued the tender in July for supplies starting 2023.
