ExxonMobil has signed an LNG sales and purchase agreement (SPA) with Zhejiang Provincial Energy Group.
Under the agreement, Zhejiang Energy is expected to receive 1 million tpy 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,” said 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 said. “We look forward to continuing our support for Zhejiang Energy during the construction, commissioning and operation of its Wenzhou LNG receiving terminal.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23042019/exxonmobil-signs-lng-agreement-with-zhejiang-energy/