Q2 2023 Activities and Opportunities

• On 1 May 2023 ADNOC announced it had entered into a three-year deal to supply LNG to TotalEnergies SE from 2023. The agreement, with TotalEnergies Gas and Power Ltd. is worth $1-2 billion. (Rigzone, 21 August 2023).

• China National Petroleum Corporation (CNPC) and QatarEnergy signed a 27-year agreement, under which China will purchase 4 million metric tons of liquefied natural gas (LNG) a year from QatarEnergy including an equity stake. (Reuters, 20 June 2023).

• Two liquefied natural gas (LNG) projects have wrapped up construction in the Philippines, opening up importation to meet growing energy demand in Southeast Asia’s second most populous country. (Rigzone, 5 June 2023)

• QatarEnergy’s LNG trading arm, QatarEnergy Trading, entered into a 15-year deal to supply Bangladesh Oil, Gas and Mineral Corp. (Petrobangla) with a 1.8 million tonnes/year (tpy) of LNG, starting in 2026. Qatar currently delivers more than 3.5 million tpy of LNG to Bangladesh. (Oil & Gas Journal, 1 June 2023).

See past activities and opportunities for companies like Gulf Energy below: