BP inks LNG supply deal with China’s Shenzhen Gas

China’s Shenzhen Gas said it has signed a long-term deal to buy liquefied natural gas (LNG) from a unit of energy giant BP.

Under the contract, a unit of Shenzen Gas will purchase 225,000 to 300,000 tons a year of LNG from BP China, according to the city gas distributor and LNG importer.

The supplies would start from January 2023 and continue until December 2032, Shenzen Gas said.

Shenzhen Gas did not provide any additional information.

The firm has earlier this year ordered a 79,960-cbm carrier at Hudong, marking its first entry into the LNG shipping business.

The new vessel will serve its facility at Yantian port in the city of Shenzhen with an annual capacity of 800,000 tonnes. The facility has one LNG jetty and one 80,000-cbm storage tank.

On the other side, BP in January started to directly supply customers in China with regasified LNG that it has imported into the country.

Also, China’s Guangzhou Development Group said in July it has signed a long-term deal to buy LNG from a unit of BP as well.

Under this oil-linked deal, BP Singapore will deliver 650,000 tonnes per year of LNG from 2022 and until the end in 2034.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

Angola LNG cancels tenders due to production issues

Angola LNG has canceled tenders due to production issues at the 5.2 mtpa liquefaction plant in Soyo. "I can confirm...

BP and partners reveal more details on Tortue Phase 2

BP and partners on Monday confirmed the development concept for the second phase of the BP-operated Greater Tortue Ahmeyim...

Hudong-Zhonghua delivers first LNG carrier to Shenzhen Gas

Chinese shipbuilder Hudong-Zhonghua has delivered the first 79,960-cbm mid-sized liquefied natural gas (LNG) carrier to compatriot city gas distributor...

Harvest and IGU working on small LNG plant in Alaska

Houston-based Harvest Midstream is joining forces with Alaska's Interior Gas Utility (IGU) to construct a small LNG plant and...