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China to invest in LNG projects in Qatar

China’s major state-owned energy companies CNPC and Sinopec are in advanced negotiations with Qatar over liquefied natural gas deals, according to insiders. The talks involve a stake in the expansion of the North Field East project and long-term supply contracts, several people familiar with the talks told Reuters. It would be the first partnership of its kind between the countries. China is one of the world’s largest LNG consumers, while Qatar is one of the largest producers. Germany seeks to sign LNG supply contracts with Qatar as well, in an effort to reduce its dependence on Russian gas.

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