Reuters reported exclusively that China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices. The review could delay sign-off on a deal that would help Beijing meet ambitious targets it set for U.S. energy purchases in a Phase 1 trade agreement it signed with the United States.
Reuters exclusively reports Sinopec reviewing gas deal with Cheniere
17 January 2020, 12:00 am 1 minute
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