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Zhejiang Energy joins growing list of China’s new LNG buyers

The company has signed an SPA with Exxon for 1 mtpa for 20 years, showing how provincial Chinese buyers are becoming increasingly significant LNG players The company has signed an SPA with Exxon for 1 mtpa for 20 years, showing how provincial Chinese buyers are becoming increasingly significant LNG players.
By Colin Shek 5 hours ago Asia Pacific / LNG 0 34156
ENN's Zhoushan LNG terminal in China. (ENN)

ExxonMobil has clinched an LNG sales-and-purchase agreement (SPA) with the main energy company of Zhejiang province in eastern China. The deal highlights how so-called second-tier Chinese buyers are emerging as a presence in the LNG market.

The world’s largest publicly traded oil and gas company announced on Monday that it will sell 1.0 mtpa of LNG to Zhejiang Provincial Energy Group for 20 years. The SPA is the latest to be signed in recent weeks between an international LNG portfolio major and a...