Riverside, California 2021-10-14 07:01:12 –
Cheniere Energy Will sell liquefied natural gas to one of China’s largest distribution companies, and some of its products may come from factories near Gregory.
A nearly 13-year sales contract between ENN LNG and Cheniere, a producer and exporter of liquefied natural gas, was announced in this week’s news release.
As part of the agreement, ENN plans to purchase approximately 900,000 tons of liquefied natural gas each year, the release said.
Wang Yusuo, chairman of the board of parent company ENN Natural Gas, said the natural gas market is growing rapidly.
“China is making great efforts to reach its peak carbon emissions and carbon-neutral targets, boost the reform of the natural gas market and accelerate the structural adjustment of energy consumption,” Yusuo said in the news. Mentioned in the release.
The agreement will come into effect in July.
In a news release, Cheniere’s president and CEO, Jack Fusco, said a final investment decision was expected to be made on expanding local operations next year.
In anticipation of that decision, the recent agreement “marks a new milestone in efforts to further advance Cheniere’s commercial momentum and reduce LNG capacity in the long run.”
Kirsten Crow covers Government, Industry and Development in South Texas. Check out our subscription options and special offers at Caller.com/subscribe to support local news
Cheniere and ENN LNG announce sale and purchase agreement Source link Cheniere and ENN LNG announce sale and purchase agreement
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