Sinopec

Venture Global Signs Largest U.S. LNG Supply Deal on Record with Sinopec

Venture Global Signs Largest U.S. LNG Supply Deal on Record with Sinopec

Venture Global LNG Inc. has reached a deal to sell nearly 8 million metric tons/year (mmty) of liquefied natural gas (LNG) to China Petroleum & Chemical Corp., aka Sinopec, in deals representing the largest supply agreement ever signed by a U.S. gas exporter.  The 20-year deals, publicly announced on Thursday, also represent the largest supply…

November 4, 2021
EIG Strikes Nearly $1.6B Deal for Stake in Australian LNG Project

EIG Strikes Nearly $1.6B Deal for Stake in Australian LNG Project

EIG Global Energy Partners, a private equity firm that specializes in investments in energy infrastructure, agreed on Monday to pay Origin Energy Ltd $1.59 billion for a minority stake in Australia Pacific LNG Pty Limited, a joint venture with ConocoPhillips and Sinopec.   The liquefied natural gas (LNG) project is the largest by liquefaction capacity on…

October 26, 2021
Venture Global Lands Deals to Supply China’s Sinopec from Plaquemines LNG Export Project

Venture Global Lands Deals to Supply China’s Sinopec from Plaquemines LNG Export Project

Venture Global LNG Inc. has signed two long-term sales and purchase agreements to supply state-owned China Petroleum & Chemical Corp., aka Sinopec, with liquefied natural gas (LNG) from its Plaquemines export terminal under development in Louisiana.  Sinopec agreed last month to purchase 2.8 million metric tons/year (mmty) on a free-on-board (FOB) basis in one deal…

October 20, 2021
China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China Petroleum & Chemical Corp., aka Sinopec, has reportedly announced another oil and natural gas discovery in the Tarim Basin.  The state-owned company said on Chinese social media that it had discovered 100 million tons of oil and gas resources in the legacy-producing region, according to Reuters. That’s roughly the equivalent of 733 million bbl…

August 27, 2021
Sinopec Books More Unconventional Natural Gas Reserves as China Works to Raise Output

Sinopec Books More Unconventional Natural Gas Reserves as China Works to Raise Output

China Petroleum & Chemical Corp., aka Sinopec, said Tuesday it has proved more unconventional natural gas resources in the Sichuan Basin as the country works to boost its domestic output.  State-owned Sinopec said it proved another 34 billion cubic meters (Bcm) of gas reserves in the Zhongjiang field in the southwestern part of China. The…

August 18, 2021
Qatar Petroleum Signs LNG Supply Deal with China’s Sinopec

Qatar Petroleum Signs LNG Supply Deal with China’s Sinopec

State-owned Qatar Petroleum (QP) on Monday signed an agreement to supply China Petroleum & Chemical Corp., aka Sinopec, with 2 million tons (Mt) of liquefied natural gas (LNG) annually for a term of 10 years.  The deal is yet another bold move for QP as it looks to strengthen its hand in the future of…

March 22, 2021
China’s Natural Gas Output in May Spikes Nearly 13%

China’s Natural Gas Output in May Spikes Nearly 13%

China’s natural gas production increased 12.9% year/year in May to 14.4 billion cubic meters (bcm), according to data by the country’s National Bureau of Statistics (NBS).

June 19, 2019

Chinese Companies Said Still Honoring U.S. Agreements, Despite Trade War

Despite souring Sino-U.S. trade relations, executives with two state-owned Chinese companies reportedly plans to honor agreements with their American counterparts, including an $83.7 billion memorandum of understanding (MOU) to develop shale gas and chemical manufacturing projects in West Virginia.

August 27, 2018

Alaska LNG Draws Major Support from China as Sinopec, Financiers Step Forward

Three Chinese companies tentatively have stepped forward to help finance Alaska’s costly and long-stalled natural gas export dreams.

November 9, 2017
Sinopec Is Fourth Partner in Pacific NorthWest LNG Export Project

Sinopec Is Fourth Partner in Pacific NorthWest LNG Export Project

Affiliates of China Petrochemical Corp. (Sinopec) are acquiring a 15% interest in Progress Energy Canada Ltd.’s gas reserves in northeast British Columbia (BC) and in the proposed Pacific NorthWest LNG Ltd. (PNW LNG) export terminal on Canada’s West Coast.

April 29, 2014
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