China's Sinopec has secured a 5% stake in one of the new LNG trains planned as part of Qatar Energy's 32 million ton per year North Field East (NFE) expansion project, making it the first Asian company to book a stake in the development alongside Western majors. The 5% stake will be transferred by QatarEnergy to Sinopec "in the equivalent of one" of the four NFE trains with a capacity of 8 million tons/yr each, the Qatari state giant said in a statement. This would put Sinopec's overall share in the entire NFE development at 1.25%. The agreement won't impact the other participating interests in the expansion project, QatarEnergy said.
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