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World’s biggest LNG firm, Qatargas today entered into a 22-year long sale and purchase agreement (SPA) with PetroChina’s international arm, PetroChina International Company Limited. The agreement requires Qatargas to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum. LNG will be supplied from the the Qatargas 2 project, which is a joint venture between ExxonMobil, Qatar Petroleum and Total.
Aspiring to lay the groundwork for the next decade, Qatar Petroleum intends to bolster LNG production up to 100mtpa. The firm is seeking partnership to implement the expansion process. When Qatar Gas employed Japan’s Chiyoda to study the feasibility of the debottlenecking process, the news came as a surprise to the LNG consultants and analysts. According to them, debottlenecking is the cheapest way of capacity addition and pushes things backwards.