WSJ: Sinopec: Finalized LNG Contract From PNG For 20 Years | IOC Message Board Posts


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Msg  3478 of 13357  at  12/3/2009 8:43:33 AM  by

xzorro123


WSJ: Sinopec: Finalized LNG Contract From PNG For 20 Years

WSJ: Sinopec: Finalized LNG Contract From PNG For 20 Years

SHANGHAI (Dow Jones)--China Petroleum & Chemical Corp. (SNP), known as Sinopec, has secured its first long-term liquefied natural gas agreement as part of its efforts to ramp up gas supplies amid rising demand for the cleaner-burning fuel.

Sinopec, the nation's second-largest energy company by assets but a relatively small gas producer, said Thursday it has entered into a binding sales and purchase agreement for LNG from Papua New Guinea for 20 years. ...

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3479 Re: WSJ: Sinopec: Finalized LNG Contract From PNG For 20 Years us2u001 6 12/3/2009 8:50:25 AM




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