BP signs long-term LNG contract with China’s Shenzhen Energy – The National

BP signs long-term LNG contract with China’s Shenzhen Energy – The National

China's Shenzhen Energy Group has signed a long-term agreement with oil major BP to buy liquefied natural gas, aiming to lock in supplies with gas-fired power generation poised to surge in the world's second-largest economy.

The agreement is Shenzhen Energy's first long-term international LNG contract and its first long-term contract with BP Singapore, the Chinese company said in a statement on Friday.

The statement did not specify details of the agreement, including the duration of the contract.