Chinese oil giant Sinopec on Wednesday became the first Asian firm to get a stake in Qatar’s expansion of North Field East, the Gulf country’s energy company announced.
North Field contains the world’s biggest natural gas reserves and extends under the Gulf into Iranian territory.
China is already the biggest customer for Qatar’s liquefied natural gas and one of the world’s top LNG importers.
China Petroleum and Chemical Corporation (Sinopec) signed a 27-year supply deal last year that Qatar said is the longest ever made in the natural gas industry.
