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Which country signed world's 'longest' gas supply deal with China?
A)
UAE
B)
Qatar
C)
Kuwait
D)
Saudi Arabia

Correct Answer :   Qatar


QatarEnergy announced a 27-year natural gas supply deal with China on Monday(21st Nov 2022), calling it the "longest" ever seen as it strengthened ties with Asia at a time when Europe is scrambling for alternative sources.
 
* The state energy company will send four million tonnes of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical Corporation (Sinopec).
 
* The deal "marks the longest gas supply agreement in the history of the LNG industry", said Saad Sherida Al-Kaabi, Qatar's Energy Minister and QatarEnergy's chief executive.
 
* Asian countries led by China, Japan and South Korea are the main market for Qatar's gas, which is increasingly being sought by European countries since Russia's invasion of Ukraine.
 
* Negotiations with European countries have struggled as Germany and others have baulked at signing the sort of long-term deals made with Asian nations.
 
* North Field is at the centre of Qatar's expansion of its liquefied natural gas production by more than 60% to 126 million tonnes a year by 2027.
 
* China is the first country to seal a deal for North Field East..

Source : The Hindu

Published On : November 25, 2022
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