A number of deals were signed across Asia and the Middle East in recent weeks to further expand the availability of natural gas and develop new resources.

BP plc has signed a 10-year natural gas supply agreement with a subsidiary of China’s State Power Investment Corp. (SPIC) to supply 200,000 metric tons/year (mty) starting in 2023. BP would deliver pipeline gas sourced from the Guangdong Dapeng liquefied natural gas (LNG) receiving terminal to the southern Guangdong province. The British major owns a 30% stake in the terminal and was the first international energy company in China to invest in an operating LNG terminal. The latest deal builds on others BP signed last year to supply ENN Group and Foran Energy with 300,000 mty in Guangdong for two years.   

Elsewhere in Asia,...