Sinopec, ExxonMobil ink LNG deal
By Wan Zhihong | China Daily | Updated: 2009-12-04 08:05
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An LNG storage facility in Dagang, Hebei province. Sinopec said yesterday it will purchase 2 million tons of LNG per year for 20 years from the ExxonMobil-led Papua New Guinea LNG project. CFP |
China's largest refiner Sinopec Corp yesterday signed a 20-year agreement to buy liquefied natural gas (LNG) from the ExxonMobil-led Papua New Guinea LNG project, in a move to meet rising domestic demand for energy.
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