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Sinopec achieved LNG import in 2014

2015-01-18     Source: Sinopecnews

A LNG vessel is anchoring at the LNG terminal in Qingdao, Shandong Province, China. (Photo/ Gao Yanbiao)

In 2014, Sinopec achieved breakthroughs in LNG international trade for the first time.

In December 2014, a ship loaded with 150, 000 cubic meters of LNG from Papua New Guinea anchored at LNG terminal in Qingdao, Shandong Province, China, marking the first LNG cargo import by Sinopec. The resources are from Exxon Mobil’s LNG project in Papua New Guinea.

This LNG import deal is the result of a long term Sale and Purchase Agreement for LNG supply signed by Sinopec and Exxon Mobil in 2009, the agreement involved 2 million tons LNG per annum for 20 years.

In 2011, Australia Pacific LNG Pty Ltd (“Australia Pacific LNG”) and Sinopec also signed Sale and Purchase Agreements for the LNG supply of 7.6 million tons per annum for 20 years since 2015. Sinopec holds 25% of the stake in Australia Pacific LNG.

In 2014, Sinopec and Petronas signed cooperation agreement for the Pacific Northwest LNG Project (PNW LNG), and Sinopec acquired 15% stake in this project. Meanwhile, Sinopec and Petronas signed a framework agreement for the purchase of 3 million tons of LNG per annum for 20 years.




    这次LNG进口是中国石化与埃克森美孚签署长期购销协议后,首次实现进口到港。中国石化2009年曾与埃克森美孚签署每年200万吨、为期20年的合同气量。此外,2011年,中国石化两次与澳大利亚太平洋液化天然气公司(APLNG)签署LNG购销协议,从2015年开始,每年从APLNG公司采购760万吨液化天然气,直至2035年。同时,中国石化持有APLNG25%股份。20144月,中国石化与马来西亚国家石油就太平洋西北LNG项目(PNW LNG)一体化合作达成一致意见。中国石化将参股马来西亚国家石油太平洋西北LNG项目15%权益。同时,中国石化还与马石油签署了为期20年、每年LNG非权益量300万吨的框架协议。





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