Gulf Oil and Gas accountACCOUNT

Centrica Signs Long Term LNG Supply Deal with Shenergy

Source: www.gulfoilandgas.com 9/30/2020, Location: Asia

Centrica plc has agreed a binding 15-year Sales and Purchase Agreement (SPA) to supply 0.5 million tonnes per annum (MTPA) of Liquefied Natural Gas (LNG) to the Shenergy Group Company Limited (Shenergy). Deliveries are expected to commence in 2024.

The SPA follows a Heads of Agreement that was concluded in January 2020 and represents the first long term supply contract for Centrica in China, one of the fastest growing LNG markets in the world.

Commenting on the agreement, Chris O’Shea, Centrica’s Group Chief Executive Officer said:
“We are delighted to conclude this agreement with Shenergy. The roots of our shared history date back over 150 years, to when British Gas helped install gas lighting in the streets of Shanghai. Today’s deal is a new milestone for our companies and complements Centrica’s existing portfolio of LNG positions and contracts.”

"We are delighted to conclude this agreement with Shenergy. The roots of our shared history date back over 150 years, to when British Gas helped install gas lighting in the streets of Shanghai. Today’s deal is a new milestone for our companies and complements Centrica’s existing portfolio of LNG positions and contracts.”" Chris O’Shea, Centrica’s Group Chief Executive Officer

Natural Gas News in China >>

Russia >>  11/11/2020 - A working meeting between Alexey Miller Chairman of the Gazprom Management Committee, and Viktor Karankevich, Minister of Energy of the Republic of Be...
United Arab Emirates >>  11/11/2020 - ADNOC LNG has signed up to a six-year supply agreement with Vitol, the world’s largest independent energy trader, for the sale of 1.8 million tons per...

Qatar >>  11/9/2020 - Qatar Petroleum hs announced the establishment and the start of operations of QP Trading LLC (QP Trading), as its dedicated LNG trading arm. Wholly o...
Australia >>  11/4/2020 - Santos, Western Australia’s biggest domestic gas producer, announced a new gas sales agreement to supply natural gas to Western Australian energy solu...

Brazil >>  11/4/2020 - Petrobras has readjusted, on 11/01/2020, the sales prices of natural gas for distributors for the contracts started in January 2020. The adjustments o...
Russia >>  11/2/2020 - Polskie Górnictwo Naftowe i Gazownictwo has filed a request for the renegotiation of price terms of natural gas supplies under a long-term contract wi...




China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.