-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
Exxon Mobil in LNG deal with Zhejiang Energy
    2019-04-24  08:53    Shenzhen Daily

EXXON Mobil Corp. said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China’s Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in China, the world’s second-largest buyer.

Under the sales and purchase agreement, Exxon Mobil will supply 1 million tons a year of the super-chilled fuel to Zhejiang Energy, Exxon said in a statement late Monday.

The agreement, which follows a framework deal announced last October, did not give details on price or timing, or say where the supplies will be sourced.

Exxon Mobil said last year it would deliver the LNG starting in the early 2020s, while LNG supplies to China would come from its global portfolio.

The U.S. firm has been expanding its portfolio of LNG, including from upcoming projects in Mozambique, Papua New Guinea, Qatar and Golden Pass in the United States.

Zhejiang Energy is building a 9-billion-yuan (US$1.34 billion) receiving terminal for the fuel in Wenzhou, Zhejiang Province, with annual handling capacity of 3 million tons.

Chinese State oil and gas major Sinopec will be a partner in the terminal.

Exxon already has two long-term LNG supply agreements in China, one each with Sinopec and CNPC.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn