LNG

China’s Sinopec and its subsidiary Unipec have signed two long-term LNG import agreements with US LNG developer Venture Global amounting to 7.5mtpa. The two deals emerged whilst US-China trade relations have yet to fully recover, a sharp rise in US LNG exports to China following the US Presidential election at the end of 2020 notwithstanding. Still, having ascended as the world’s largest LNG buyer this year, China is beginning to struggle to find sufficient free supply to prevent acute power shortages this winter.

Subscriber content
	This content is available only to subscribers please log in below or subscribe now / request a free trial
	Username Password Remember me Forgot your password? Forgot your username? Create an account