ExxonMobil inks 20-year LNG deal with Chinese firm

The government-backed Zhejiang Provincial Energy Group will receive one million metric tons of LNG every year

Big Zero Report 2022

ExxonMobil has signed an agreement to supply liquefied natural gas (LNG) to China’s Zhejiang Provincial Energy Group.

Under the 20-year sales and purchase deal, the government-backed Chinese company will receive one million metric tons of LNG every year.

Zhejiang Energy is building a terminal for the fuel in Wenzhou, with a capacity to handle three million tonnes annually.

Peter Clarke, Senior Vice President of LNG at ExxonMobil said: “ExxonMobil shares Zhejiang Energy’s vision in developing a major LNG gateway in the Ningbo-Zhoushan region. We look forward to continuing our support for Zhejiang Energy during the construction, commissioning and operation of its Wenzhou LNG receiving terminal.”

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