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Cheniere Energy signs MOU with CNPC on LNG sales

BEIJING (Reuters) — Cheniere Energy Inc, owner of the first LNG export terminal in the United States, signed a memorandum of understanding (MOU) with China National Petroleum Corp for long-term LNG sales and purchase cooperation, the US State Department said on Thursday.

Cheniere Sabine Pass Lng Small
Sabine Pass. Photo courtesy of Cheniere Energy.

The agreement was made as part of US President Donald Trump’s visit to China this week.

Also, Westinghouse Electric Co. signed contracts with China’s State Nuclear Power Technology Co. to build six AP1000 nuclear power plants in China in the coming years, the statement said.

Reporting by Muyu Xu and Josephine Mason; Editing by Christian Schmollinger


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.


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