Skip to main content
  1. Home
  2. LNG
  3. 01 Nov 18
  4. Zhenhua purchases LNG cargo from Chevron

Zhenhua purchases LNG cargo from Chevron

Published by , Editor
LNG Industry,

According to Reuters, China’s Zhenhua Oil has purchased its first LNG cargo from Chevron Corp.

The cargo totalled 100 million m3 and was purchased at US$0.30 per million Btu discount to Japan Korea Marker (JKM) quotes on a delivered basis. Chevron’s Gorgon project, located in Australia, supplied the cargo which has since been delivered to CNOOC’s Yuedong terminal in Shenzhen, China.

Zhenhua and its partner Longkou paid US$26.5 million for access to the CNOOC facility in a recent auction.

This transaction forms part of the wider trend of China seeking to broaden its LNG import market.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01112018/zhenhua-purchases-lng-cargo-from-chevron/

You might also like

EIG moves in on Peru LNG

EIG’s MidOcean Energy has been set to acquire an Additional 15% interest in Peru LNG from Hunt Oil Company.

 
 

Embed article link: (copy the HTML code below):

 

This article has been tagged under the following:

US LNG news LNG export news LNG import news China LNG news

 

LNG Industry is not responsible for the content of external internet sites.