CNOOC buys more LNG from Qatar

China's largest offshore oil producer CNOOC on Friday signed an agreement with Qatargas to buy more liquefied natural gas (LNG) to meet the rising domestic demand.

Both parties signed a memorandum of understanding (MOU) on Friday, under which Qatargas will supply an additional 3 million tons of LNG per year, said a CNOOC statement.

CNOOC is also planning to buy another 2 million tons of LNG from Qatargas annually, to further bolster its annual LNG purchase from the gas-rich country to 7 million tons, said the statement.