Moreover, BP is the 1st international energy company in China to invest in an LNG terminal in operation.
It owns 30 % of the shares of Guangdong Dapeng terminal.
The terminal is China’s 1st LNG import and regasification terminal pilot project.
The terminal accounts for about 50 % of the cumulative natural gas consumption in the province.
Thus, this makes Guangdong Dapeng one of the most efficient natural gas receiving stations in China.
BP says this 10-year agreement is another milestone for the company’s natural gas supply and trade; it demonstrates its commitment to providing long-term and reliable energy solutions to China and the world.
Earlier, BP also signed a 10-year LNG supply deal with Chinese city-gas distribution company Shenzhen Gas.
This was specifically penned for the amounts of 225 000 to 300 000 tonnes of LNG a year.
Author: Sanja Pekic
