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According to a statement by Guangzhou Development Group on Wednesday, the deal was signed in Beijing at the World Gas Conference.
Guangzhou Development Group did not reveal further details regarding the long-term LNG deal.
Guangzhou Gas operates the Nansha Guangzhou LNG import terminal, which received its first LNG cargo in 2023.
Mercuria confirmed the signing of the deal in a separate statement on Wendesday.
However, the company also did not reveal more details regarding the agreement.
Mercuria said the LNG supplied under this long-term arrangement will enhance Guangzhou Gas Group’s capacity to secure stable gas resources, optimize the local energy mix, and reduce carbon emissions.
“For Mercuria, this agreement consolidates our role as a strategic LNG partner in China and the Asia-Pacific region and strengthens the foundation of our LNG portfolio,” it said.
Last year, the trader hired Shell’s Steve Hill to boost its LNG trading business.
As the image above shows, Hill was also present at the signing ceremony with Guangzhou Gas.
Earlier this year, Mercuria signed a deal to buy LNG from state-owned producer Oman LNG.
The 10-year FOB deal is for 800,000 metric tonnes per year of LNG.
The supplies from the three-train plant in Qalhat are set to start in April 2026.
