China's Sinopec will take a stake in the eastern expansion of Qatar's North Field liquefied natural gas (LNG) project, state energy company QatarEnergy said on Wednesday.
The state-owned Chinese gas giant will take a 5% stake in the equivalent of one North Field East LNG train with capacity of 8 million tonnes per year, a QatarEnergy statement said.
QatarEnergy had previously said that it could give up to 5% stakes in its North Field expansion to what Saad al-Kaabi, the Gulf state's energy minister and CEO of QatarEnergy, described as "value-added partners".
"Today's event underscores QatarEnergy's commitment to deepening its relationships with key LNG consumers, while prioritising long-term strategic partnerships and alignments with world class partners from China," QatarEnergy's Kaabi said.
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