Qatar inks second long-term gas supply deal with China

Qatar announced a second 27-year supply deal with a Chinese company on Tuesday as it expands production from the world's biggest natural gas field.

The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.

The two deals are the longest seen in the liquefied gas industry. Qatar is raising its liquefied natural gas (LNG) production by 60 percent-plus to 126 million tons a year by 2027. Asian countries led by China, Japan and South Korea are the main market for Qatar's gas.