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2019-04-24 10:45:00

EXXON'S LNG FOR CHINA

EXXON'S LNG FOR CHINA

EXXONMOBIL - ExxonMobil said today that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. Under the agreement, Zhejiang Energy is expected to receive 1 million metric tons per annum of LNG over 20 years.

"This sales and purchase agreement represents an important milestone and provides a solid foundation for our strategic partnership with Zhejiang Provincial Energy Group," said Peter Clarke, senior vice president of LNG at ExxonMobil.

"ExxonMobil shares Zhejiang Energy's vision in developing a major LNG gateway in the Ningbo-Zhoushan region," Clarke said. "We look forward to continuing our support for Zhejiang Energy during the construction, commissioning and operation of its Wenzhou LNG receiving terminal."

ExxonMobil has been actively re-engaged in China's energy industry since the late 1970s. With a long-term commitment to China, ExxonMobil expects to help meet China's energy needs through its products, technologies, partnerships and investments.

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Earlier:

S-E.Asia
2019, April, 5, 10:25:00
CHINA NEED GAS
China’s LNG imports last year were about 54 million tonnes. CNPC accounts for about 60 percent of China’s overall gas imports and 70 percent of domestic production, Ling said. “LNG price will become one of the decisive factors for the amount of LNG imports,” he also said in his presentation.
 
 
 S-E.Asia
2019, March, 15, 10:15:00
U.S. LNG FOR CHINA DOWN
Only one liquefied natural gas (LNG) vessel that left the United States in 2019 went to China, Reuters shipping data show, as the eight-month trade war between the two nations starts to cool.
 
 S-E.Asia
2019, February, 25, 12:00:00
CHINA'S LNG IMPORTS UP AGAIN
REUTERS - China’s liquefied natural gas imports in January rose to a record as an increase in residential heating demand during the winter after the country’s shift to gas heating spurred higher shipments, customs data showed on Saturday.
 
 S-E.Asia
2019, February, 1, 11:00:00
CHINA'S GAS CONSUMPTION UP 18%
PLATTS - China consumed 280.30 billion cubic meters of natural gas in 2018, up 18.1% year on year, the National Development and Reform Commission said on its website late Thursday. The natural gas consumption growth in 2018 outpaced the growth rate of 15.3% in 2017 and 6.6% in 2016, respectively, according to the NDRC's historical data, implying China's increasing demand for natural gas.
 
 S-E.Asia
2019, January, 28, 10:20:00
CHINA FOR VENEZUELA: $50 BLN
REUTERS - China has lent over $50 billion to Venezuela through oil-for-loan agreements over the past decade, securing energy supplies for its fast-growing economy.
 
 S-E.Asia
2019, January, 14, 11:25:00
RUSSIAN LNG FOR ASIA
BLOOMBERG - Russia’s Novatek PJSC is looking at storing liquefied natural gas produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs.
 
 S-E.Asia
2018, December, 24, 11:50:00
CHINA'S LNG IMPORTS UP BY 48.5%
REUTERS - China's LNG imports totaled 5.99 million tonnes in November, up 48.5 percent from the same month last year, data from the General Administration of Customs showed.

 

Tags: EXXON, MOBIL, LNG, CHINA