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…
Sinopec
Articles from Sinopec
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).
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.
NGI The Weekly Gas Market Report
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.
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.
Sinopec Stepping Up China’s Shale Game; 353 Bcf by 2017
China Petroleum and Chemical Corp. (Sinopec) said Monday it has "made significant breakthroughs" in shale gas exploration…
North America Onshore Boosted by Egypt Sale, Says Apache CEO
Apache Corp. late Thursday pulled off what many analysts had not thought probable, selling a one-third operational stake in strife-torn Egypt for $3.1 billion in cash to China’s Sinopec International Petroleum Exploration and Production Corp.
Industry Briefs
The Environmental Defense Fund (EDF) wants to hire a “state regulatory and legislative affairs manager” based in Washington, DC, who would to focus on natural gas. The manager would ” assist in organizing and managing efforts to enact a comprehensive set of regulations and reforms in key natural gas producing states,” with emphasis on the…
Shell Secures First-Ever PSC for China’s Shale Gas
A unit of Royal Dutch Shell plc has inked a milestone agreement with Chinese officials to use its technical know-how to develop shale gas in a first-ever production sharing contract (PSC).
Shale Is a Long Game for Chevron
It’s early days in Chevron Corp.’s shale natural gas and oil program, but it is “an area of significant long-term growth” with opportunities in the United States, Canada, Argentina, China and Europe — in liquids and dry gas — an executive said during the company’s analyst day Tuesday.