UK’s Centrica signs first China long-term LNG supply deal

• Posted in OilGas
• on September 30, 2020
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Centrica Plc said on Wednesday it had signed its first long-term liquefied natural gas (LNG) supply contract in China, the world’s second-largest importer.

It signed a 15-year binding deal to supply 0.5 million tonnes per annum (mmtpa) of the super-chilled fuel to state-owned company Shenergy Group Company, Centrica said. Deliveries are expected to commence in 2024.

“The roots of our shared history date back over 150 years, to when British Gas helped install gas lighting in the streets of Shanghai,” said Chris O’Shea, Centrica’s group chief executive.

“Today’s deal is a new milestone for our companies and complements Centrica’s existing portfolio of LNG positions and contracts.

Shenergy this year signed a heads of agreement with Malaysia’s Petronas LNG to import about 1.5 million mmtpa of LNG to its Wuhaogou terminal for a 12-year term proposed to start from 2022.

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