June 17, 2014 / 4:36 PM / 3 years ago

BRIEF-CNOOC signs 20-year LNG deal with BP

June 17 (Reuters) - CNOOC Ltd :

* BP and CNOOC announce 20-year LNG deal

* Announced a heads of agreement for supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019

* Agreement was signed in London by BP Executive Vice President, Dev Sanyal and CNOOC Chairman, Wang Yilin, in presence of UK Prime Minister and Chinese Premier

* A full commercial contract is expected to be agreed in mid-2014.

* BP would expect to supply LNG from its global portfolio, using its own LNG tanker fleet and chartered ships delivering gas to a number of terminals in china. Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below