China inks another long-term LNG purchase deal with...
China News
June 27, 2023
While there is likely to be more LNG deals between China and the gulf going forward, Beijing will benefit financially from its ability to sign much longer agreements than European countries that have struggled to replace Russian gas in the wake of the conflict in Ukraine. For now, the LNG deal between Qatar and China is yet another example of the Gulf region’s pivot east with China expected to make up a large chunk of its oil and gas exports in the decades ahead.