Qatar’s state energy company on Monday announced a 27-year deal to supply China with natural gas, purportedly the longest such deal ever struck. QatarEnergy announced a 27-year natural gas supply deal with China on Monday, calling it the "longest" ever seen as it strengthened ties with Asia at a time when Europe is scrambling for alternative sources.
Europe's disappointment is its own fault. Unlike China, Europe wasn't and still isn't willing to sign a long-term deal with anyone, in part due to their masochistic "green" policies that require them to be "carbon neutral" in the relatively near future, and I think in part they still believe that the unpleasantness in Ukraine will soon be over, allowing them to drop their sanctions against Russia, who will have no choice but to supply them with piped gas that's far cheaper than LNG again.
Europe's disappointment is its own fault. Unlike China, Europe wasn't and still isn't willing to sign a long-term deal with anyone, in part due to their masochistic "green" policies that require them to be "carbon neutral" in the relatively near future, and I think in part they still believe that the unpleasantness in Ukraine will soon be over, allowing them to drop their sanctions against Russia, who will have no choice but to supply them with piped gas that's far cheaper than LNG again.