Qatar Petroleum to supply China with LPG over five-year period

LONDON (ICIS)–Qatar Petroleum has signed a sale and purchase agreement to supply China with 600,000 tonnes of liquefied petroleum gas (LPG) for a period of five years, it said on Tuesday.

The contract is due to start in January 2019.

The agreement was signed by Qatar Petroleum and Oriental Energy (Singapore), a subsidiary of China’s largest LPG player Oriental Energy that is responsible for the procurement, trading and logistics of its parent company.

“This agreement reflects our marketing strategy for promoting direct engagement with end-users, especially in China,” said Qatar Petroleum’s CEO Saad Sherida Al-Kaabi.

“We hope this deal will further enhance our energy relationship with China, as we place greater importance to meeting the needs of the world’s largest growing LPG market.”