ExxonMobil said today 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 metric tons 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,” 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."
Key data points: The growth forecast = 6.2% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunity and forecast in liquefied natural gas (LNG) infrastructure market to 2031 by type (liquefaction terminal and regasification terminal), application (heavy-duty vehicles, electric power generation, and marine transport), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesExxonMobil has been actively re-engaged in China’s energy industry since the late 1970s. With a long-term commitment to China, ExxonMobil expects to help meet China’s energy needs through its products, technologies, partnerships and investments.
