Sinopec signs deal for 30m tons of LNG
China DailyThe logo of China Petroleum and Chemical Corp. China Petroleum and Chemical Corp has signed a 15-year deal with TotalEnergies for 2 million metric tons of liquefied natural gas annually from 2028, which is expected to further bolster TotalEnergies' foothold in China's energy market and advance the country's clean energy goals, industry experts said. An analyst said the sales agreement between TotalEnergies and Sinopec will help the latter better cement its presence in China, the world's largest LNG importer and a key player in global energy transition. This collaboration with Sinopec underscores TotalEnergies' strategic pivot toward environmentally sustainable energy solutions, advancing its global energy portfolio while supporting China's energy transition efforts, he said. Sinopec sees TotalEnergies as a crucial partner in the company's natural gas strategy and this agreement will further strengthen their strategic cooperation in the gas sector, said Niu Shuanwen, vice-president of Sinopec.
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CNOOC signs record-breaking contracts at CIIE
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Work begins on Sinopec's Shandong LNG project
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