Chinese gas distributor Foran Energy has inked a supply agreement with BP to buy 600,000 tpa of liquefied natural gas (LNG). No further details regarding the purchase agreement was released.
Both companies are shareholders in the 6.7 million tpa Dapeng LNG terminal in Guangdong, China with BP holding 30% of the share.
Foran said that the deal aims to lower the procurement cost and widen the procurement methods of gas sources.
