QatarEnergy will transfer to China’s Sinopec a 5% stake in the development of the huge North Field East (NFE) expansion project, the largest project in the history of the LNG industry, the Qatari state-owned firm said on Wednesday. QatarEnergy has signed a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the NFE expansion project, which marks the entry of Sinopec as a shareholder in one of the NFE joint venture companies that own the NFE project.
Pursuant to the terms of the agreement,…China’s Sinopec To Take 5% Stake In Qatar’s Giant LNG Project
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