BP signs 10 year agreement with Shenzhen Gas

BP signed a gas sales and purchase agreement with Shenzhen Sino-Benny LPG Co Ltd on Wednesday, the first long-term deal with price indexed to international LNG in China’s domestic gas market, to support China’s growing energy needs. Under the terms of the agreement, starting from 2023, BP will provide Sino-Benny, a wholly-owned subsidiary of Shenzhen Gas Group Co Ltd, with up to 300,000 tons of pipeline gas per year in Shenzhen.

The gas will be supplied through the LNG receiving terminal of Guangdong Dapeng LNG Company Limited where BP holds regasification capacity

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