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BP, Guodian Investment Guangdong signed a long-term natural gas purchase and sale agreement

 Last Update: 2021-12-27
 Source: Internet
 Author: User

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The picture shows the signing site

Recently, BP signed a natural gas purchase and sale agreement with the State Power Investment Corporation Guangdong Company (overseas company), a wholly-owned subsidiary of the State Power Investment Group Co.
, Ltd.
(State Power Investment Corporation)
.

According to the agreement, BP will provide SPIC Guangdong Company (overseas company) with pipeline natural gas resources of no more than 200,000 tons per year in Guangdong for a period of 10 years starting from 2023
.

The natural gas will be supplied through the liquefied natural gas (LNG) terminal of Guangdong Dapeng Liquefied Natural Gas Co.

Chen Xi, Chief Accountant and Party Member of SPIC, said: "This signing is a substantive result of the cooperation between the two parties after detailed discussions on the content and methods of cooperation.
It is a substantive achievement of SPIC using the Hengqin Guangdong-Macao Deep Cooperation Zone as a platform.
An important first step in the development of international natural gas trading business
.

The two sides will conduct closer and in-depth exchanges and cooperation in various fields such as natural gas trading, integrated smart energy, overseas energy projects, and helping global carbon emission reductions

Yang Shixu, President of BP China and Senior Vice President of BP Group Regional Affairs and Urban Low-Carbon Solutions, said: “BP actively participates in China’s fast-growing natural gas market and hopes to explore new opportunities and develop strategic partnerships with China’s major energy companies
.

We.

BP is the first international leading energy company in China to invest in an LNG terminal in operation, and owns 30% of the shares in Guangdong Dapeng Terminal
.

Guangdong Dapeng is China's first LNG import and regasification terminal pilot project.

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