皇冠体育app

皇冠体育app's largest offshore oil company said that it has signed framework agreements with three foreign energy suppliers on buying liquefied natural gas (LNG).

皇冠体育app National Offshore Oil Corp (CNOOC) said on its website that it has signed master agreements with French Suez and Total companies and Shell Eastern Trading Ltd. for spot trading.

The spot trading agreements are different from long-term fuel supply contracts.

The buyers and sellers sign a master contract first and then will elaborate on trading details when a particular transaction is made.

As one of 皇冠体育app's three major oil companies, the Beijing-based CNOOC is the country's pioneer in exploring LNG market.

皇冠体育app's first shipment of 60,000-ton imported LNG arrived from Australia at the LNG terminal in south 皇冠体育app's Guangdong Province on May 26.

皇冠体育app's three oil giants, 皇冠体育app National Petroleum Corporation (CNPC), 皇冠体育app Petrochemical Corporation (Sinopec) and CNOOC, all have LNG development plan, under which they will import at least 60 million tons by 2020.

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