MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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China’s CNPC Set To Sign 30-Year LNG Deal With Qatar

LNG

China National Petroleum Corp is close to finalising a deal to buy LNG from QatarEnergy over nearly 30 years, sources told Reuters.

  • The LNG supplied to CNPC would come from Qatar’s North Field expansion project.
  • "CNPC has agreed on the major terms with Qatar in a deal that will be very similar to Sinopec's," said a Beijing-based state-oil official, that was signed last year.
  • China has been ramping up efforts to secure long-term LNG offtake agreements in the past months as the country’s attempts to replace coal and cut carbon emissions.
Energy BulletsCommodities
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