Related Articles
Sinopec's Tianjin LNG terminal
Forward article link
Share PDF with colleagues

More Chinese firms enter global LNG market

Niche buyers in China are starting to make waves in the global LNG market, spurred by reforms that have opened up the country’s vast pipeline network

Novatek, Russia’s top LNG producer, has signed a 15-year sales and purchase agreement (SPA) to supply China’s state-owned Shenergy Group with more than 3mn t/yr from the Arctic LNG 2 project. The SPA is Shenergy’s second in the past six months after the company—which has a monopoly on supplying gas and power in China’s financial hub of Shanghai—inked a 15-year deal with the UK’s Centrica for 0.5mn t/yr starting in 2024. The latest deal continues a trend that began last year in which smaller players—mostly city gas distributors backed by local authorities—have risen to prominence in China’s LNG supply deals. Provincial players such as Shenergy signed more LNG deals with international compani



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Gas at the heart of Iraq’s transition
21 October 2021
While oil has grabbed the headlines for Iraq, tapping its gas potential could transform the country’s economic fortunes
Petrobras’ downstream dilemma
21 October 2021
President Bolsonaro considers privatising the NOC as fuel prices climb and divestments drag
Corallian seeks bidders
21 October 2021
The pre-production North Sea independent has put itself up for sale
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video