LNG: China's Guangzhou Signs Long-Term LNG SPA with Mercuria: Platts
May-21 16:52
Guangdong Development Group (GDG) announced that it signed a long-term LNG sale and purchase agreement with trader Mercuria during the 29th World Gas Conference in Beijing on May 21, Platts reported.
- The deal aims to strengthen cooperation in clean energy development and regional energy security.
- Specific details of the agreement were not disclosed, Platts said.
- This marks Guangzhou Gas Group’s fourth long-term LNG deal. Previously, GDG secured LNG supplies through agreements with BP, Mexico Pacific, and Sinochem, ensuring stable gas distribution across Guangdong province and the Hong Kong-Macao Greater Bay Area.
- GDG has also invested in LNG terminals, including Guangzhou Nansha, Guangdong Dapeng, and Zhuhai Jinwan, reinforcing its integrated gas infrastructure.
- In 2024, its natural gas supply reached 5.5 bcm, according to the company website.
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