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

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

SINGAPORE, Nov 26 (Reuters) - China's Shenzhen Energy Group (000027.SZ) has signed a long-term agreement with oil major BP (BP.L) to buy liquefied natural gas (LNG), 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.