CHINA-US: CHINA'S SINOCHEM AND SINOPEC GROUPS CONCLUDE LONGTERM DEALS FOR IMPORT OF LNG FROM U.S.
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Caixin reported (November ) that two Chinese energy majors announced bumper long-term
deals to import liquid natural gas (LNG) from U.S. firms this month, continuing a trend that
comes amid skyrocketing prices of the fuel source. Sinochem Group Co. Ltd. announced a 17
1/2-year deal to buy as much as 1.8 million tons annually from Cheniere Energy Inc. on
November 5, while China’s largest oil refiner, Sinopec, announced a 20-year contract with
Venture Holding LNG to import 4 million tons of LNG annually on November 4.
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