MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Total Signs 27-year LNG Deal with Qatar

LNG

France’s Total has signed a 27-year agreement with Qatar for LNG supplies, according to the FT, one of the longest ever supply deals.

  • Under the agreement, Qatar will supply up to 3.5m mtpa from 2026, with deliveries continuing until 2053.
  • The price that Qatar will sell to Total at has not been disclosed, the FT said.
  • The LNG will come from two joint ventures between Total and QatarEnergy: the North Field East and North Field South projects. Total holds a 6.25% share in the former, with a 9.37% stake in the latter. Total’s 3.5m mtpa will equate roughly to Total’s share in the output.
  • Qatar is looking to cover its expanded production through long-term supply deals. Platts reported in August that Qatar was considering more flexible contract terms to entice counterparties, such as contract length shorter than the traditional 25 years.
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