From the FT:
...Qatar is in talks to sell an extra 10m tonnes of liquefied natural gas to China a year and 4m tonnes to India to meet Asia’s thirst for energy to offset slowdowns in the US and Europe.
Abdullah al-Attiyah, the energy minister, said the Gulf state already sold 5m tonnes of LNG to China. If the new agreement is signed, China would overtake Japan, which buys about 8m tonnes a year, and become Qatar’s main gas customer....Qatar is expanding its gas export capacity in spite of concerns about a surplus in global supplies placing downward pressure on prices, particularly in the US. Mr Attiyah said Qatar was on schedule to increase its capacity from 62m tonnes to 77m by the end of September. ......Gas prices are often linked to oil but there is no uniform pricing mechanism. Qatar wants gas to be priced on parity with oil, a move that would give exporters greater stability.
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