Sinopec’s Long-Term Liquefied Natural Gas SPA With Qatar Petroleum

Herbert Smith Freehills has advised China Petroleum & Chemical Corporation on the deal.

China Petroleum & Chemical Corporation (Sinopec) signed a long-term liquefied natural gas sale and purchase agreement (LNG SPA) with Qatar Petroleum.

Under the agreement, the national petroleum company of Qatar will deliver 2 million tons of LNG to China each year for 10 years starting from 2022. This is the first long-term LNG supply agreement between Sinopec and Qatar Petroleum.

Partner Monica Sun (Picture) led the Beijing team advising Sinopec on the transaction, supported by senior associate James Zhang and paralegal Yilin Pei. Partner Calvin Ho provided specialist support on shipping aspects of the transaction.

Involved fees earner: Calvin Ho – Herbert Smith Freehills; Monica Sun – Herbert Smith Freehills; James Zhang – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Sinopec – China Petroleum & Chemical Corp.;

Author: Sonia Carcano