CNOOC signs 20-year deal with BP liquefied natural gas supply
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BP, CNOOC sign LNG supply agreement

9:58 AM, 18th June 2014
China National Offshore Oil Corporation business news
Wang Yilin, Chairman, CNOOC.

BEIJING, CHINA: China National Offshore Oil Corporation (CNOOC) has signed a 20-year deal with London-based oil giant BP for liquefied natural gas (LNG) supply. According to the agreement, BP will supply up to 1.5 million tonne per annum of LNG from its global portfolio to CNOOC over 20 years starting in 2019 and the parties are expected to reach a full commercial contract in mid-2014, said CNOOC in a statement.

“The agreement with BP will not only deepen the cooperation between both parties, but also further diversify the LNG supply of CNOOC. CNOOC will continuously strive to acquire competitive natural gas resources around the world, and to make positive contribution to securing clean energy supply as well as protecting ecological environment of China,” said Wang Yilin, Chairman, CNOOC.

© Xinhua News

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