China: LNG Regasification Direct Gas Supply for China: BP Completes Integrated Value Chain
BP has begun to directly supply gas customers in China with gas from liquefied natural gas (LNG) that it has imported into the country. This is the first time that the company has created a fully integrated gas value chain into China, directly connecting upstream resources, transportation and trading with downstream gas customers.
London/UK — On 24 January, the first cargo of gas delivered under BP's new terminal usage agreement at the Guangdong Dapeng LNG Company Limited (GDLNG) import terminal in Shenzhen, Guangdong Province, arrived. Under the agreement, the group has 600,000 tonnes a year tolling regasification capacity at GDLNG, in which BP holds a 30 % interest.
Last year BP signed gas supply agreements with ENN Group and Foran Energy, both in Guangdong. The company will supply each with 300,000 tonnes per year of pipeline gas, re-gasified from LNG, for two years from 2021. The first LNG truck fleet from the Shenzhen Dapeng LNG Marketing Company (SZDP) also made its inaugural journey.