rss icon Subscribe
desktop mobile

CNPC, Cheniere Pact for LNG

Photo: Cheniere Energy, Inc

By Aiswarya Lakshmi

China's state-owned oil company, China National Petroleum Corporation (CNPC), and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquefied natural gas (LNG), Reuters reported.

The report quoted U.S. State Department saying that the deal between the two companies was signed during president Trump's first state visit to China. Neither companies disclosed details of the transaction.
According to CNPC, the agreement would strengthen its cooperation with Cheniere in regards to the latter's liquefaction and export project in the Gulf of Mexico.
Cheniere is owner and operator of the first LNG export terminal in the U.S., Sabine Pass in Louisiana. It is also building the Corpus Christi LNG export facility on the U.S. Gulf Coast that is planned to have a 23 mtpa production capacity.
CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering petroleum exploration & production, natural gas & pipelines, refining & marketing, oilfield services, engineering construction, petroleum equipment manufacturing and new energy development, as well as capital management, finance and insurance services.

Nov 12, 2017

 

Contracts

GE Transportation to Supply Freight Locomotives to Ukraine in USD 1bln Deal

Photo: GE Transportation

GE Transportation signed a $1 billion framework agreement in Ukraine, marking a major milestone

Nordic American Tankers Signs TC with Major Oil Firms

Photo: Nordic American Tankers

In the autumn of 2017, Nordic American Tankers (NAT) advised you of our time charter

Djibouti Ends Dubai's DP World Contract to Run Container Terminal

Photo: DP World

Djibouti has ended a contract with Dubai's DP World, one of the world's biggest port operators

Energy

Dry Bulk Market Looks Up: J. Lauritzen

Lauritzen Bulkers. Photo:  J. Lauritzen

Both the dry bulk market and the market for small gas carriers are anticipated to benefit from

Japan Seeks to Boost Offshore Wind Power

© Yaz / Adobe Stock

The Yomiuri newspaper reported on Tuesday that:      -Japan's government will submit legislation

Enerplus Profit Beats as Oil Focus Pays Off

Photo: Enerplus Corp

Canadian oil and gas producer Enerplus Corp reported a quarterly profit that beat estimates on

Maritime Apps