Oil & Gas

Qingdao Receives First Qatar LNG Shipment – Doha News

April 7, 2022

The shipment is part of a 10-year agreement signed between the Middle East nation’s QatarEnergy and Chinese state oil and gas company Sinopec

A Chinese oil company settled its first LNG trade in yuan this week, in another move that challenges the US dollar's dominance in world trade. — A Chinese oil company settled its first LNG trade in yuan this week, in another move that challenges the US dollar's dominance in world trade. Photo: QatarGas.

China’s Qingdao terminal has received its first shipment of liquefied natural gas from Qatar, Shanghai Petroleum and Natural Gas Exchange said, Doha News reported.

The shipment is part of a 10-year agreement signed between what was formerly known as Qatar Petroleum, currently QatarEnergy, and Chinese state oil and gas company Sinopec in 2021.

Read the full report: Doha News

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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