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British energy giant BP begun to directly supply LNG to gas customers in China

Chinese gas distributor Foran Energy has signed an agreement to buy 600,000 t/yr of LNG from BP.

British energy giant BP begun to directly supply LNG to gas customers in China

Shenzhen, January 26 - Neftegaz.RU. BP has started supplying its customers in China with gas from LNG that it has imported into the country, the company has created a fully integrated gas value chain into China, directly connecting upstream resources, transportation and trading with downstream gas customers.

The 1st cargo of gas delivered under BP’s new terminal usage agreement at the Guangdong Dapeng LNG Company Limited (GDLNG) import terminal in Shenzhen, arrived on 24 January.
Under the agreement, BP has 600 000 tonnes a year tolling regasification capacity at GDLNG.

BP has been having an important role in China’s gas market, the company holds a 30% interest in GDLNG.
In 2020, BP signed agreements with Guangdong-based ENN Group and Foran Energy to supply each with 300 000 tonnes of pipeline gas, re-gasified from LNG, for a period of 2 years, starting from 2021.

Federica Berra, BP’s senior vice president of integrated gas and power, said:
  • Today represents an important milestone for our operations in China, growing our presence and connecting right along the gas value chain
  • We have developed an innovative, diversified and flexible integrated business model enabling us to both provide more LNG to the region and also increase our access to downstream gas markets
Simon Yang, BP China President, noted:
  • Increasing the availability of natural gas to customers across China supports and is aligned with the country’s aim to increasingly switch from coal to gas
  • We will continue to steadily grow our footprint here and more importantly support China in its aims for a better and cleaner energy future
China has announced it aims for peak carbon dioxide emissions before 2030 and to become carbon neutral by 2060.

Source : Neftegaz.RU

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