BP has signed a sales and purchase agreement with a unit of China’s Shenzhen Gas Group Co Ltd to supply piped natural gas for 10 years starting 2023, BP said in a statement on Wednesday. Under the agreement, BP will provide Shenzhen Sino-Benny LPG Co Ltd, a wholly-owned unit of Shenzhen Gas, with up to .
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China Buying More U.S. LNG to Meet Winter Demand, but Still Far Below Phase One Targets
U.S. liquefied natural gas (LNG) exports to China have ramped up this year but remain far below the levels specified in a phase one trade deal signed in January by the two countries to try to improve trade relations.
Since U.S. LNG exports to China resumed in March after a hiatus of more than one year, the East Asian country has imported, or is scheduled to import, a combined 49 U.S. cargoes with a total volume of 7.92 million cubic meters, equivalent to about 168 Bcf of natural gas, according to data intelligence firm Kpler. Additionally, 18 LNG vessels with U.S. cargoes have not declared their destinations, so some of those could go to China.