Centrica in first long-term China LNG supply deal

UK-based energy firm Centrica said on Wednesday it signed its first long-term LNG supply deal in China, the world’s second-largest buyer of the fuel.

Under the 15-year deal, the firm will supply 0.5 million tonnes per annum of LNG to state-owned Shenergy Group.

The deal follows a heads of agreement signed by the duo in January 2020.

Furthermore, Centrica expects to start shipping LNG to China in 2024.

The firm did not provide any additional information.

“We are delighted to conclude this agreement with Shenergy. The roots of our shared history date back over 150 years, to when British Gas helped install gas lighting in the streets of Shanghai,” Chris O’Shea, Centrica’s CEO said.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Chevron, China’s ENN seal second LNG SPA

US energy giant Chevron has signed a second LNG sales and purchase agreement with Chinese independent gas distributor ENN.

Venture Global gets OK to introduce gas to final Plaquemines LNG block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the 18th and final liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

Centrica, Devon Energy seal 10-year gas supply deal

UK-based energy firm Centrica has entered into a natural gas sale and purchase agreement with US-based Devon Energy, further boosting its LNG portfolio.

Centrica, ECP to buy UK’s Grain LNG terminal

A consortium of UK-based energy firm Centrica and US-based investment firm Energy Capital Partners, part of Bridgepoint Group, has agreed to buy National Grid's Grain LNG terminal in the UK.

Centrica takes stake in Gasrec

UK-based energy firm Centrica has taken a minority stake in compatriot LNG fuel supplier Gasrec.

Thailand’s PTT to supply LNG to Centrica

Thailand's PTT has signed a heads of agreement to supply a unit of UK-based energy firm Centrica with liquefied natural gas (LNG) in Asia.