CCP Energy Company Wants To Buy U.S. Natural Gas

【Japan Himalaya League】 Author: 海星  Translator: Ranting

Reuters reported on Oct. 15 that sources have disclosed that major Chinese energy companies are negotiating natural gas supply contracts with U.S. suppliers.

The source said at least five Chinese Communist Party companies are involved in the gas talks, including Sinopec and China National Offshore Oil Corp. as well as local government-backed energy distributors such as Zhejiang Energy, and that the value of related deals could reach tens of billions of dollars. The main U.S. negotiators are Cheniere Energy and Venture Global LNG. Sinopec alone is considering buying 4 million tons, insiders said.

(Picture Source: Internet.)

The Chinese Communist Party reportedly began negotiating gas supply contracts with U.S. suppliers earlier this year and is accelerating the pace of negotiations. Sources expect new deals to be announced in the coming months.

The announcement comes on the heels of a 13-year contract with Cheniere Energy, which was announced to the public on Oct. 11 by CCP’s ENN Energy.

Post Script: This article only represents the view of the author.

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Posted by: Ranting

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