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bp and State Power Investment Corporation signed a 10-year natural gas supply agreement

 Last Update: 2021-12-27
 Source: Internet
 Author: User

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Sinochem News Network News British Petroleum (bp) announced on December 15 that bp and the State Power Investment Group's wholly-owned subsidiary, State Power Investment Group Overseas Investment Co.
, Ltd.
[hereinafter referred to as "State Power Investment Guangdong Company (Overseas Company)" ”] Signed a natural gas purchase and sale agreement
.

According to the agreement, BP will provide SPIC Guangdong Company (overseas company) with pipeline natural gas resources of no more than 200,000 tons per year in Guangdong for a period of ten years starting from 2023
.

The natural gas will be supplied through the liquefied natural gas (LNG) receiving terminal of Guangdong Dapeng Liquefied Natural Gas Co.

Up to now, bp is China's first international energy company to invest in an LNG terminal in operation, and owns 30% of the shares of Guangdong Dapeng Terminal
.

Guangdong Dapeng is China's first LNG import and regasification terminal pilot project.

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