Posted on Jun 17, 2014 in
LNG Exports,
Markets and Competition |
Comments Off on BP to Sign $20 Billion LNG Supply Deal with China’s CNOOC
BP is scheduled to sign a $20 billion deal to supply China National Offshore Oil Corporation (CNOOC) with LNG over a span of 20 years. BP is said to be likely to source much of the LNG for the deal from its contracted capacity at the Freeport LNG liquefaction facility near Freeport, Texas. Reuters reports the deal will increase China’s LNG intake by at least 1.5 million tonnes each...