EXCLUSIVE-Qatar pivots to LNG-hungry China in strategy shift [Reuters]
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Source: Reuters
* China holds key to long-term LNG demand growth SINGAPORE/BEIJING, May 12 (Reuters) - Qatar is in talks to make Chinese firms partners in its liquefied natural gas expansion project, the world's largest, in a shift from the Gulf state's reliance on western majors for technology and global outreach, industry sources said. Since the early 1990s, Qatar has depended on international companies, including ExxonMobil, Royal Dutch Shell and Total, to help it to build its LNG industry. In exchange, the Western majors received lucrative long-term supply contracts. But the U.S. shale gas revolution and increased focus on renewable energy as pressure mounts to tackle climate change has curbed the West's appetite for gas. Three sources familiar with the matter told Reuters state energy giant Qatar Petroleum (QP) was in talks with Chinese state firms, including PetroChina and Sinopec , for equity stakes in Qatar's $28.7 billion North Field expansion, the world's biggest single LNG project
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