Cheniere Deal With China Signals Country’s Key Role in LNG Exports

Amadeo07 Mar, 2019Business

Cheniere Energy Inc.’s approaching $18 billion understanding to supply healthy gas to China signals a company’s flourishing gamble on a country, and China’s presentation as a tip marketplace for U.S. gas exporters. In a pierce that would be announced as partial of a broader U.S.-China trade deal, China’s state-owned China Petroleum Chemical Corp., famous as Sinopec, will determine to a long-term agreement to buy about $18 billion of liquefied healthy gas from Cheniere, The Wall Street Journal reported Sunday.