18OCT2018 - NEWS - Qatar Petroleum inks five years LPG supply deal with China

Qatar Petroleum has recently signed a sale and purchase agreement to directly supply China with 600,000 metric tons of liquefied petroleum gas (LPG) per year for a period of five years. The long-term agreement was inked by Qatar Petroleum for Sale of Petroleum Products Company (QPSPP) and Oriental Energy (Singapore), with the contract scheduled to start in January 2019. The LPG industry continues to enjoy sustainable growth in China where LPG is used for domestic use and the growing petrochemical sector. The recent agreement comes amid a trade dispute between China and the United States. As Chinese importers of LPG have started to pay higher tariffs for LPG originating from the US, they are looking for alternatives.

Published by Editor - www.Livebunkers.com at 18-Oct-2018 05:53:40 [UTC] , contact editor at editor@livebunkers.com