13 May 2024
Sinopec takes 15% stake in Australia Pacific LNG in 4.3mtpa LNG supply deal
Publication date: 21 April 2011
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
China Petroleum Corporation (Sinopec) has signed a visual_editor0-year binding agreement to purchase 4.3mtpa of LNG from the proposed Australia Pacific LNG (APLNG) facility in Queensland, APLNG partners ConocoPhillips and Origin said today. The deal will also see Sinopec take a 15% equity stake in the project, reducing the stakes of ConocoPhillips and Origin to 4visual_editor.5% each.