BP, Shenzhen Gas sign gas supply pact
BP has signed an agreement to supply pipeline gas to Shenzhen Sino-Benny LPG Co., China Daily reported on October 21.
This is the first long-term deal with price indexed to international LNG in China's domestic gas market, the newspaper added. According to the deal, BP will provide Sino-Benny, a wholly-owned subsidiary of Shenzhen Gas Group, with up to 300,000 metric tons/year of pipeline in Shenzhen. The supplies will start in 2023.
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The gas will be supplied through the LNG receiving terminal of Guangdong Dapeng LNG Co. where BP holds regasification capacity.