Sinopec’s LNG deal with TotalEnergies a positive


The deal is expected to further bolster TotalEnergies’ foothold in China’s energy market. — China Daily

BEIJING: China Petroleum and Chemical Corp (Sinopec) has signed a 15-year deal with TotalEnergies for two million tonnes of liquefied natural gas (LNG) annually from 2028, which is expected to further bolster TotalEnergies’ foothold in China’s energy market and advance the country’s clean energy goals, according to industry experts.

Sinopec signed the LNG sales agreement with TotalEnergies on Monday, under which TotalEnergies will supply approximately two million tonnes of LNG per year to Sinopec for 15 years starting in 2028.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Jinhua – a trading hub without borders
Asia bonds for diversification
Singapore’s financial sector a big winner
AI disruption fears rock markets
Up in Arms - or up the value chain?
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use
Chow Tai Fook courts the young
From the ashes of Fluff comes Big Mouth

Others Also Read