BEIJING, Feb 25 (Reuters) - China Petrochemical Corp, parent of Sinopec Corp (0386.HK), signed a preliminary agreement on Friday to buy 4.3 million tonnes of liquefied natural gas per year from Australia Pacific LNG Pty Ltd for 20 years, the Chinese firm said on Friday.
If the the deal is finalised, Sinopec will get a 15 percent share in the project, reducing the shareholdings of its co-owners, U.S. energy firm ConocoPhillips COP.AX and Australia’s Origin Energy (ORG.AX) to 42.5 percent each. [ID:nBJI002590]
The following are the LNG imports deals that China has signed in recent years.
(For China’s monthly LNG trade data, please search with O/CHINA7) ————————————————————————————————- Buyers Volumes timeframe Receiving suppliers supply
(mln t /start terminal project
per yr) (yrs/yr) ————————————————————————————————- CNOOC
**2.6 2013 - DGF -
3.6 20/2014 - BG Group Curtis Island
1.0 /2010 - Total its global
2.0 /2009 - Qatargas Qatargas 2
3.0 /2013 - Qatargas -
2.0* - - Qatargas -
- - - Qalhat -
3.7 /2006 Dapeng Northwest N.W. Shelf,
Shelf Venture Australia
2.6 25/2009 Fujian BP Tangguh,
3.03 25/2009 Shanghai Petronas Malaysia PETROCHINA
2.0 20/ Dalian Shell Gorgon,
2.25 20-25 - ExxonMobil Gorgon,
3.0 25/2011 Jiangsu Qatargas/Shell Qatargas 4
2.0 before 2015 - Qatargas - SINOPEC
4.3 20/2015 Beihai APLNG Queensland,
2.0 - Qingdao ExxonMobil PNG LNG ————————————————————————————————-
* in preliminary deal.
** total volume spreading over 4 years from 2013.
Sources: Reuters reports, company websites. (Reporting by Jim Bai and Aizhu Chen, Editing by Jacqueline Wong)