Gulf Oil and Gas accountACCOUNT

China's Unipec Will Keep Reselling Term LNG Cargoes

Source: Reuters 5/17/2017, Location: Asia

China's Unipec, trading arm of state oil major Sinopec, resold more than 2 million tonnes of term cargoes of liquefied natural gas (LNG) last year and expects to sell more this year, president Chen Bo said on Wednesday.

Chinese oil majors, including Sinopec, have been forced to resell term LNG or renegotiate deals due to strong competition from cheaper and abundant spot supplies.

"We were facing strong domestic market pressure ... thus the need to boost global trading of LNG," Chen told Reuters on the sidelines of a gas industry conference in Beijing.

LNG Carriers News in China >>

Qatar >>  7/16/2019 - Qatargas, the World's Premier LNG Company, announced a historic milestone as it successfully delivered the 3,000thLiquefied Natural Gas (LNG) cargo to...
United States >>  7/15/2019 - ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers. ...

China >>  7/8/2019 - Collaboration with COSCO Shipping LNG Investment, COSCO Shipping Heavy Industry, Jiangnan Shipyard, MARIC, SSSRI and CCS to develop 220k LNG carrier w...
Singapore >>  6/24/2019 - With reference to press release no. 2/2019 and stock exchange announcement 3 June 2019, WilForce (the Vessel) is currently at yard in Singapore for r...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.