CURRENT AFFAIRS

Detailed explanation-1: -Q. In November 2022, which of the following has signed the “longest” gas supply deal with China? Notes: QatarEnergy announced a 27-year natural gas supply deal with China, calling it the “longest” ever seen as it strengthened ties with Asia at a time when Europe is scrambling for alternative sources.

Detailed explanation-2: -QatarEnergy announced a 27-year natural gas supply deal with China, calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.

Detailed explanation-3: -In 2022, among the other Middle East countries, the total proven reserves of natural gas was the highest in Iran, amounting to approximately 32 trillion cubic meters. On the other hand, Egypt had nearly two trillion cubic meters proven natural gas reserves, in 2022.

Detailed explanation-4: -QatarEnergy has signed an agreement to supply China’s Sinopec LNG for 27 years- the longest such LNG agreement ever signed- and a very big agreement as regards gas volume, as it provides that Qatar will send four million tonnes of LNG every year from its new North Field East project.

Detailed explanation-5: -Last month, Qatar and China agreed to a $60 billion, twenty-seven-year deal for liquefied natural gas (LNG). The deal made headlines across the world-particularly as Europe struggles to reduce its dependence on Russian energy and as other countries increase their natural gas consumption in a bid to decarbonize.