Changfeng Energy inks two LNG supply deals

Changfeng Energy inks two LNG supply deals
Image courtesy of Changfeng Energy

Changfeng Energy, an energy provider in China, through its unit Sanya Changfeng Clean Energy, signed two LNG supply agreements with companies in China’s Hainan province.

The company said the deal it has signed with a brick manufacturer in Wenchang City marks its first step into business outside of Sanya City on Hainan island.

The agreement outlines the supply of LNG to the manufacturer for a duration of 10 years beginning from October 1, 2018, to September 30, 2028, at a price of RMB3.30/Nm3 ($0.48/Nm3).

Under the agreement, an increase of LNG prices from the upstream supplier will warrant a price adjustment.

The brick manufacturer is estimated to consume 1,270,000 Nm3 of natural gas per annum, Changfeng Energy said in a statement.

Sanya Changfeng Clean Energy has also entered into an LNG supply agreement with a rubber manufacturer in Wenchang City, for the same term starting August 8, and lasting for 10 years.

The deal RMB3.20/Nm3 ($0.46/Nm3), with the rubber manufacturer expected to consume 500,000 Nm3 of LNG per annum.

Share this article

Follow LNG World News

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

6th Mozambique Gas Summit & Exhibition

The CWC Group and ENH would like to thank all attendees, speakers, sponsors and exhibitors…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >