lng

QatarEnergy Secures $3 Billion Loan From Chinese Banks as LNG Exports Stall

State-owned QatarEnergy has obtained a five-year, $3 billion loan from a consortium of Chinese banks — Bank of China, ICBC, Agricultural Bank of China and China Construction Bank (Asia) — Bloomberg reported, citing unnamed sources. The financing comes as Qatar’s liquefied natural gas exports remain severely constrained by disruptions to shipping through the Strait of Hormuz, prompting the company to cite working capital needs.