Qatar Petroleum signed a sale and purchase agreement with Oriental Energy to supply China with 600,000 metric tons of liquefied petroleum gas (LPG) per year for a period of five years.
The long-term contract starting in January 2019, Qatar Petroleum said in its statement.
Oriental Energy (Singapore) is a unit of Oriental Energy, responsible for the procurement, trading and logistics within the group.
Oriental Energy, China’s LPG player, owns and operates an LPG distribution network and LPG storage facilities in China. In addition, it has five major LPG importing terminals along with several petrochemical facilities.
The LPG industry continues to enjoy sustainable growth in China where LPG is used for domestic use and the growing petrochemical sector.