ExxonMobil Signs 20-Year LNG Agreement with Zhejiang Energy
April 22 2019 - 8:00AM
Business Wire
- 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
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.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is the largest refiner and marketer of
petroleum products, and its chemical company is one of the largest
in the world. For more information, visit www.exxonmobil.com or
follow us on Twitter www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans,
schedules and capacities could differ materially due to changes in
market conditions affecting the oil and gas industry or long-term
oil and gas price levels; political or regulatory developments
including obtaining necessary regulatory permits; timely completion
of contemplated construction projects; technical or operating
factors; the outcome of commercial negotiations; and other factors
cited under the caption “Factors Affecting Future Results” on the
Investors page of our website at exxonmobil.com.
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