ExxonMobil signs 20-year LNG agreement

Source: press release, 22 April 2019

ExxonMobil has operated in the liquefied natural gas marketplace for over 40 years
ExxonMobil has operated in the liquefied natural gas marketplace for over 40 years (photo: ExxonMobil)

ExxonMobil reports that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. Under the agreement, Zhejiang Energy is expected to receive 1 million tonnes per annum of LNG over 20 years.

“This sales and purchase agreement represents an important milestone and provides a solid foundation for our strategic partnership with Zhejiang Provincial Energy Group,” says Peter Clarke, senior vice president of LNG at ExxonMobil.

“ExxonMobil shares Zhejiang Energy’s vision in developing a major LNG gateway in the Ningbo-Zhoushan region,” Clarke adds. “We look forward to continuing our support for Zhejiang Energy during the construction, commissioning and operation of its Wenzhou LNG receiving terminal.”

ExxonMobil has been actively re-engaged in China’s energy industry since the late 1970s.