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Investing.com -- QatarEnergy, one of the world’s largest suppliers of liquefied natural gas (LNG), is currently negotiating a long-term supply agreement with various Japanese companies, Reuters reported citing five industry and trading insiders.
The proposed deal involves QatarEnergy supplying LNG from its North Field expansion project to a consortium of Japanese importers. The annual supply volume would be at least 3 million metric tons of gas, to be divided among the consortium members, according to four sources.
The successful conclusion of this deal would reaffirm Doha’s longstanding dominance in the Japanese market. This comes at a time when competition is ramping up, especially from the United States, and Gulf neighbors such as the United Arab Emirates and Oman, who are offering more flexible contract terms.
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