QatarEnergy-Sinopec’s long-term LNG contract likely priced around 12.7% slope to oil

The LNG sales and purchase agreement signed between QatarEnergy and China Petrochemical Corp., or Sinopec, was likely priced around 12.7% slope to crude oil, with flexibility for Sinopec to receive LNG cargoes at its terminals in China, market sources said Nov. 9. LNG will be delivered to Sinopec’s receiving terminals in China for the tenure of the contract, a source… The LNG sales and purchase agreement signed between QatarEnergy and China Petrochemical Corp., or Sinopec, was likely priced around 12.7% slope to crude oil, with flexibility for Sinopec to receive LNG cargoes at its terminals in China, market sources said Nov. 9. LNG will be delivered to Sinopec’s receiving terminals in China for the tenure of the contract, a source… Read More