China has secured a deal to import 1 million tonnes per annum of liquefied natural gas from Oman for four years starting 2025 — the first such deal between the two countries.
Chinese energy giant Sinopec’s trading arm, Unipec, concluded the deal with Oman LNG.
The agreement is the latest in whch Chinese LNG buyers have rushed to sign long-term LNG deals with locked-in prices in take-or-pay contracts, instead of targeting spot market deals, where prices fluctuate in line with global LNG fundamentals, logistics and geopolitics.
