Gulf Oil and Gas accountACCOUNT

China's Unipec Will Keep Reselling Term LNG Cargoes

Source: Reuters 5/17/2017, Location: Asia

Share |
China's Unipec, trading arm of state oil major Sinopec, resold more than 2 million tonnes of term cargoes of liquefied natural gas (LNG) last year and expects to sell more this year, president Chen Bo said on Wednesday.

Chinese oil majors, including Sinopec, have been forced to resell term LNG or renegotiate deals due to strong competition from cheaper and abundant spot supplies.

"We were facing strong domestic market pressure ... thus the need to boost global trading of LNG," Chen told Reuters on the sidelines of a gas industry conference in Beijing.

LNG Carriers News in China >>

Singapore >>  4/9/2018 - Keppel Offshore & Marine (Keppel O&M) through its wholly-owned subsidiary, Keppel Singmarine, has secured a contract with Mitsui & Co (Asia Pacific) P...
Qatar >>  4/8/2018 - Qatargas Operating Company Limited (Qatargas) announced the inaugural delivery of liquefied natural gas (LNG) to Pavilion Gas Pte Ltd, a wholly-owned ...

Russia >>  3/27/2018 - PAO NOVATEK has announced that NOVATEK Gas and Power Asia Pte. Ltd., a wholly owned subsidiary, has shipped to the Indian market its first cargo with ...
Kuwait >>  3/22/2018 - Kuwait’s oil minister said that Kuwait Petroleum Corporation (KPC) had signed an agreement with an international firm for long-term supply of liquefie...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

 

Oil & Gas Companies in China >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.