BP, Guodian Investment Guangdong signed a long-term natural gas purchase and sale agreement

The picture shows the signing site

Recently, BP signed a natural gas purchase and sale agreement with the State Power Investment Corporation Guangdong Company (overseas company), a wholly-owned subsidiary of the State Power Investment Group Co.
, Ltd.
(State Power Investment Corporation)
.

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 10 years starting from 2023
.

Chen Xi, Chief Accountant and Party Member of SPIC, said: "This signing is a substantive result of the cooperation between the two parties after detailed discussions on the content and methods of cooperation.
It is a substantive achievement of SPIC using the Hengqin Guangdong-Macao Deep Cooperation Zone as a platform.
An important first step in the development of international natural gas trading business
.

Yang Shixu, President of BP China and Senior Vice President of BP Group Regional Affairs and Urban Low-Carbon Solutions, said: “BP actively participates in China’s fast-growing natural gas market and hopes to explore new opportunities and develop strategic partnerships with China’s major energy companies
.

BP is the first international leading energy company in China to invest in an LNG terminal in operation, and owns 30% of the shares in Guangdong Dapeng Terminal
.