LNG

CNOOC signs medium-term SPA for LNG from Petronas

CNOOC has signed a medium-term LNG sales-and-purchase agreement with Malaysia’s Petronas that will come into effect next year
By Staff reporter 30 November 2018 0 33517

China National Offshore Oil Corp. (CNOOC) has signed a medium-term LNG sales-and-purchase agreement with Malaysia’s Petronas that will come into effect next year, CNOOC said on Wednesday.

Further details were not disclosed. CNOOC expects to import 26 mt of LNG this year, up from around 20 mt in 2017.