LNG

China Petroleum and Chemical Corp. (Sinopec), a leading importer of LNG from Australia, the US and Qatar and with expanding import facilities and storage infrastructure, has announced sizeable natural gas and oil flows from a strategic shale project in southwest China.

China Petroleum and Chemical Corp., or Sinopec, the largest Chinese owner of oil refiners and which has been seeking to increase US LNG volumes to match its Australian supplies, reported a heavy first-quarter loss.