… Zhejiang Energy to receive 1 million metric tons of LNG per annum over 20 years
…Agreement demonstrates ExxonMobil’s commitment to help meet China’s natural gas demand
…Zhejiang Energy to build a Wenzhou LNG receiving terminal
TUE, APRIL 23 2019-theG&BJournal-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.”
ExxonMobil 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.
Meanwhile, the energy giant said also that it will release first quarter 2019 financial results on Friday, April 26, 2019.
ExxonMobil said Jack Williams, senior vice president, and Neil Hansen, vice president and secretary, will review the results during a listen-only conference call at 8:30 a.m. CT.
|twitter:@theGBJournal|email: info@govandbusinessjournal.com.ng|
